Comments on: Asian market open https://fxww.com/asian-market-open-164/ The Professional Source Fri, 30 Aug 2013 04:08:39 +0000 hourly 1 By: Peter https://fxww.com/asian-market-open-164/#comment-28540 Fri, 30 Aug 2013 04:08:39 +0000 http://381c099c8f.nxcli.net/?p=10401#comment-28540 Hi Sean,
You may be right about the AUD rallying in response to a change of government. You’ve got a lot more experience than myself with these things, after all.
That said, it does seem a bit of a mystery to me why the markets would get too excited about an Abbott led government. This brief article in The Economist (I pinched the link from Forex Live) endorses Rudd mainly because he’s the least unappealing alternative (sounds like forex choices! lol). I’m not exactly enamoured with Rudd and Labor’s in a shambles, but looking at the alternative, I tend to agree with them on this one.

http://www.economist.com/news/leaders/21584343-kevin-rudd-just-about-deserves-second-turn-lucky-no-more

If there is a bit of election related short covering in the AUD, would it be because that’s simply what the market expects and it becomes a self fulfilling prophecy?

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