Given the strength of the metals markets it looks like the Australian dollar will be in for a good couple of days.
There's more Fed tightening to come than is currently priced into the market. That should see the U.S. dollar stronger and weigh on the Australian dollar.
The euro dropped significantly against the US dollar and that has dragged the Aussie significantly lower as well.
There's a risk of weakness in the Australian dollar in the next couple of days, ... Any decline in commodity prices is bearish for the Australian dollar.
There's a risk of weakness in the Australian dollar in the next couple of days. Any decline in commodity prices is bearish for the Australian dollar.