Forex Flash: AUD´s going under - HSBC

FXstreet.com (Barcelona) - David Bloom, Head of FX Strategy at HSBC thinks that AUD is about to head down under.

He notes that AUD has been one of the many currencies that have suffered in the wake of USD´s bullish run in recent weeks. However, he writes, “we believe that the AUD’s resilience may give way as its support from global equity markets wanes and capital flows in the Australian economy, for the time being, begin to slow.”