Expect the USD to strengthen in the short term against commodity currencies and oil. LINK TO ARTICLE on Alpha
The Aussie economy is tied heavily to China through commodity trade. As the Chinese economy slows, or at least isn't accelerating as fast, the Aussie will weaken. In the above chart, the price action is carrying momentum down through the trend line, signifying USD appreciation.
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Shocking has been the breakup of the euro and the s&p 500 and that's exactly what has happened this week. the question now is the split temporary or will they get back together and when will they. ------------------------------------------------------------------------------------------------------------------------
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KEY currecency pairs to trade
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