“It’s still a broadly negative dollar story,” said Lee Hardman, a currency strategist at Bank of Tokyo-Mitsubishi UFJ Ltd., according to the report. “There’s not much change to the outlook for Fed policy. The downtrend for aggressive dollar selling is firmly entrenched.”
CurrencyShares Australian Dollar Trust (NYSEArca: FXA) has rallied more than 10% over the past three months. Australia’s currency has benefitted from surging commodity prices. [Why the Australian Dollar ETF is Doing So Well.]
CurrencyShares Australian Dollar Trust
