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Fundamental Australian dollar forecast for today
Open the AUD/USD positions according to the outcomes of the RBA meeting
China, having managed the pandemic, is an example of the quick economic rebound. Australia, on the contrary, has encountered the second wave of COVID-19 outbreak. It is an example of how a V-shaped GDP rebound turned into a W-shaped recovery. I do not think the situation in Australia is that dramatic. Social distancing policies in Victoria should prevent the epidemic spread. But the Aussie is likely to be pressed down.
The Australian dollar has been 25% from the lows hit in March…
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