The Australian Dollar is under pressure as markets show disappointment that a Chinese fiscal stimulus has not materialised and a change in tone at the Reserve Bank of Australia's communications.

It's not too late to participate in the China stimulus rally, and the Australian Dollar is a good currency for this purpose.

Now is the time to sell Australian Dollars, according to a new strategy note from Danske Bank.

The Australian Dollar's run of gains extended after rising retail sales suggested the Reserve Bank of Australia (RBA) has less room to cut interest rates in 2024.