Bit of scuttlebutt…..

Apparently there has been some talk in the market that IMF is set to include AUD and CAD to sdr. Possibly linked to UBS research piece that central banks may shift their reserves into commodity-linked currencies should IMF decide on such a move. Not sure how fresh this piece of news is and bit sketchy, but just to let you know it’s out there. May help part explain recent reslience in aussie. Take it for what you will.

(that’s resilience in past couple of sessions, not latest little bounce back to .8460)

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