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I consider both NZD and AUD two of the extremely overvalue currencies in the world. Still I maintain my bearish on these two currencies. On the other hand USD is undervalued now. They may depreciate at least 40% against USD during next two years.
Please see following links on AUD.
http://www.bloomberg.com/video/look-...1efq_IVYQ.html
Look to `Short' Aussie for 2014: FXPrimus
http://www.bloomberg.com/news/2013-1...fed-taper.html
Aussie Dollar Set for Biggest Yearly Drop Since ’08 on Fed Taper
http://www.bloomberg.com/video/austr...iMYf19Osg.html
Australian Dollar Long-Term Trend Clearly Downwards
My ideas are not a recommendation to either buy or sell any security, commodity or currency. Please do your own research prior to making any investment decisions. Please note that I do not endorse or take responsibility for material in the above hyper-linked sites.
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I think AUD could go below 60 cents.
http://www.abc.net.au/news/2014-09-1...-cents/5756598
Australian dollar could fall to 73 US cents: analysts
My ideas are not a recommendation to either buy or sell any security, commodity or currency. Please do your own research prior to making any investment decisions. Please note that I do not endorse or take responsibility for material in the above hyper-linked site.
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http://www.forexlive.com/blog/2015/0...rs-huge-level/
Australian dollar slumps in late trading, nears huge level
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http://www.smh.com.au/business/marke...16-12rryo.html
Australian dollar could fall through US70¢: Blackrock
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Quote:
Originally Posted by
MARKETWINNER
70c by mid year! wow.
I hope no traders out there got killed by the CHF cap being removed.
I see the NZ broker Global Brokers NZ Ltd, which operates excel markets has gone under amongst a few other international brokers.
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http://www.theguardian.com/business/...mic-turbulence
Australiandollar falls to new six-year low amid economic turbulence
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