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Strategies & Market Trends : John Pitera's Market Laboratory

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ggersh

Hawkmoon

John Pitera

To: John Pitera who wrote (18925)	3/31/2017 8:18:49 AM
From: The Ox	3 Recommendations Read Replies (2) of 33421

Looking at the long term chart on AUD/USD, I would point out the period from 1999-2000. This period was where the FED was raising rates from 4.75 to 6.5% and was when the AUD saw a third of its value vanish by 2001 (in US$). The rebound in AUD after this period corresponded to the massive move in commodities, where gold hit $1900 and Oil reached $140+. Bloomberg this morning was pointing out the problems in SA with the Rand, fwiw. Another economy that is heavily based on commodities, similar to Australia. It is very likely that we will need to see both commodities and the US dollar appreciate simultaneously for some of these currencies to show exceptional strength vs. the dollar going forward. While the demand curve for a number of commodities will likely strengthen with the global economy, its going to be interesting to see how a stronger dollar affects their pricing.

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