Australian Dollar: Risk Trends, Nascent Intervention Threat in Focus

The Australian Dollar continues to show a robust link to risk sentiment trends, with a trade-weighted index of the currency’s average value against its top counterparts showing a firm correlation with the MSCI World Stock Index. This puts familiar big-picture themes – the global economic slowdown and the Eurozone debt crisis – at the forefront once again the drivers of price action.

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Australian Dollar: Risk Trends, Nascent Intervention Threat in Focus