• Since 12 April 2013, the Australian Dollar has been the second worst performing currency in the entire world, beating only the war-torn Syrian Pound.
• The break of the 1.0115-1.0625 range encouraged offshore real money and leveraged selling, which was not offset to any material degree by buying from corporates.
• Though domestic negatives are piling up – not least the focus on the high AUD in the wake of the Ford decision – the USD still holds the key for H2 2013.
Click here to read the full report: Market Research
NAB