“And what would you do, ... if you could rule the world for a day? I suppose I would have no choice but to abolish reality.”
― Robert Musil, The Man Without Qualities Vol. 1
Commentary & Analysis
Vulnerable Aussie – Chinese stocks and the Reserve Bank of Australia
The Australian dollar has fallen a long way from its high against the US dollar. And from a technical perspective may have done enough; at least it may be poised to “correct” higher in the near- to medium-term. But an examination of the fundamental factors suggests there could be more room to fall—maybe a lot more room.
Two considerations come to mind: