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Could it be time to short the aussie?
After a turbulant first half to the year the Australian Dollar has regained ground helped by positive data out of china, with some analysts saying it could hit parity by the year end.
The currency remained strong for the first four months of the year, before declining over 16 percent to a three-year low of USD 0.8848 in early August.
But Saxo Bank’s John Hardy is not convinced the recent bullish trend will continue and that Wednesday's Australian unemployment report will provide the big test of whether it can continue to squeeze higher.
John tells Saxo TV's Sara Walker the longer terrm fundamental story hasn’t changed and the risk appetite has got ahead of itsef. He's looking for a reversal to suggest time to get short.
01:26 minutes
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