By guest contributor Stuart Talman, Director of Australian Sales, XE.com.
Heading into last week the Aussie dollar, year-to-date, was sitting down over 9% vs the USD – the worst performing currency of all the developed nations. The narrative for last week, as it had been for the two week’s prior was that AUDUSD was seemingly defying gravity – but once again had managed to lift itself off the floor and shun a move below 70 US cents. This past...