ANZ recommends selling AUD/CAD, targeting 0.86 ...Middle East

This comes via eFX. ANZ recommends selling AUD/CAD, expecting the pair to weaken due to AUD's greater sensitivity to risk sentiment and trade dislocations, while the negative CAD narrative is already priced in.Key Points:AUD Weakness:Trade Risks: Ongoing US-China trade tensions disproportionately impact AUD due to its higher exposure to global risk sentiment.Risk Sentiment Sensitivity: AUD remains vulnerable to geopolitical and economic uncertainties, making it a preferred short candidate.CAD Stability:Negative Sentiment Priced In: CAD's recent underperformance is largely reflected in its current valuation.Less Sensitivity to Trade: CAD’s fundamentals appear more resilient in the face of glo

Read More Details
Finally We wish PressBee provided you with enough information of ( ANZ recommends selling AUD/CAD, targeting 0.86 )

Also on site :

• On the record: Hubbard
• ForexLive Asia-Pacific FX news wrap: Oil spike on talk of Israel preparing attack on Iran
• CNN Confession: Jake Tapper Admits Conservative Media Was Right About Biden’s Cognitive Decline