Flash: AUD remains a dog - BBH

FXstreet.com (Barcelona) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman notes that the AUD remains a dog, still unable to sustain the slightest of upticks.

Further, he adds that the NZD is performance is no better. He see that they were the two major currencies over the past week and month. He writes, “The fact that the Reserve Bank of Australia is still engaged in an easing cycle, while, as we will likely be reminded next week at the conclusion of RBNZ meeting, it is more likely to tighten than loosen and the drop in the kiwi makes it more likely, on the margins.”