AUD/USD: We do love a big call and sub-.80 cents qualifies!
A former colleague of mine who now works in the real world, gets a very deep insight into actual retail demand in most of the major economic centres.
He still follows the FX market very closely and his BIG CALL for the year is that AUD/USD will not see levels north of .91 cents and that we will see levels below .8000 in the next 9 months. He bases this on what he is seeing in China and the lack of alternative industrial innovation in Australia.
I’m neutral, but if we do see that dip I’ll be filling my boots!