What is your current trading bias on the Aussie?
I'm short-term bullish! The economy grew and inflation is stable. And that's all I really need to know.
I'm long-term bullish! The RBA doesn't need to lower rates further. Current rates are enough to remedy most of Australia's economic problems.
I'm short-term bearish! Among other things, I think that the upcoming CPI data will be bad due to lower consumer spending.
I'm long-term bearish! I think the economy will decline in the future. I also think that the RBA will need to cut rates again.
I'm undecided for now, but thanks for the updates!
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