| Videos | Channels | Search |
Where Next For The Aussie Dollar
In Australia, Kevin Rudd has ousted Julia Gillard as leader of the country's ruling Labor Party. Saxo Bank's Steen Jakobsen, says this is great news for the country. He says the prospects of meaningful structural reforms are now a reality.
Steen has been negative on the Aussie Dollar for some time. He sees it trading sub 90 within the next two weeks and it could even touch 85 against the US Dollar.
A general election is scheduled in Australia in September. It could now come earlier. Gillard is expected to leave politics.
And you can read more of Steen's thoughts on Australia's leadership at http://www.tradingfloor.com/posts/australian-leadership-change-news-1856730929
01:24 minutes
Tags: aussie dollar, australia, australian dollar, general election, gillard, kevin rudd, saxo bank, saxo tv, steen jakobsen, structural reforms, tradingfloor.com