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commodity currencies
from what i see, all commodity currencies have been dropping quite bit against USD for a while. They have all dropped a good few cents, especially the AUD and also the NZD.
I think this cant continue forever and a rebound should come sooner or later. I was unfortunately a bit late on both of the falls of AUD and NZD.
for NZD i didnt expect the RBNZ to drop the rates this time round. I thought they would do it next time.
and for the AUD, I kept going in, make a bit of money, get out, then watch it go down further, then go in again, make a bit more, then get out. i did a few times. (I'm still a noob)
But i'm just wonder when is the rebound coming? what do you guys think? and what would cause the rebound? what is there to trouble the USD in the near future? the only thing i can think of, is if price of oil goes back up.
From my understanding, the nuclear negotiations with Iran have failed again and there might be more sanctions coming. this will probably lead to further escalation and possibilty further hostilities in the middle east, leading to a price hike in oil.
What are your views? = )
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