Gold down, Aussie up, who’d thought it eh? Another correlation flying out the window in these changing and ever more fickle times
The capex-related gains in Asia had capped around the strong 0.9300 offers but we broke through a little while ago to post 0.9313 before coming back to rest at 0.9300
Next bank of offers at 0.9330-50 and I’d be inclined to sell up there. Bids at 0.9280 and 0.9250 to defend the retreat.
