Aussie G-10 Darling

Also helping the Aussie was strength in iron ore prices, with futures traded in China jumping 8 per cent to their highest in three years. That was the sixth consecutive session of gains.

“The Aussie is the current darling in the G-10 space and attracting much attention,” said Stephen Innes, senior currency trader at CFD and FX provider OANDA Australia and Asia Pacific. “The best way to express a strong Aussie commodity bias is through crosses on the leading currencies such as EUR, GBP, and JPY which will continue to assert itself in early 2017.”

 

THE BUSINESS TIMES via REUTERS

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Stephen Innes

Stephen Innes

Senior Currency Trader and Analyst at OANDA
Stephen has over 25 years of experience in the financial markets and specializes in Asian currencies at OANDA. After having started his trading career with NatWest Bank, he is currently based in Singapore as a Senior Currency Trader and Analyst with OANDA, focusing on the movement of the Aussie Dollar and ASEAN Currencies. Stephen has an extensive trading experience in Interest Rate Futures, Money Markets and Precious Metals. Prior to joining OANDA, he worked with organizations like Cambridge Mercantile, Nat West, Garvin Guy Butler, Sumitomo Mitsui Banking Corporation. Stephen was born in Glasgow, Scotland, and holds a Degree in Economics from the University of Western Ontario.
Stephen Innes
Stephen Innes

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