Australian Dollar an Attractive Buy
- Category: AUD
Betting on Australian Dollar strength into year-end remains an attractive proposition for strategists at UBS.
The Australian Dollar was in recovery mode through the midweek session following news China would likely announce a major fiscal stimulus on the weekend.
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.