AUDUSD seemed to be an all time high, will USD bounced back after this GFC?
it definately should…
I think the AUD is waaay over-valued and won’t reach parity anytime soon (despite what the Aussie media is saying)
Longer term I see it coming back to the 75 cent mark (and I mean long term)
It seems to have bounced back pretty nicely to me (.9466 at the moment)…could be the constant drop in their unemployment rate? Just goes to show you that making long term assumptions and not “living in the market” can have some consequences.
I think usd will bound soon, and on Monday morning audusd will down.