SaxoTV
Hardy on a crushed Aussie and a 'neglected' EURCHF
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Just how low can AUDUSD fall? It was hammered after the release of disappointing data from China and broke to new yearly lows this Friday. Saxo Bank's Head of FX, John Hardy, reveals he shorted AUDUSD on Thursday and tells traders how they could be playing this pair.
He also looks at EURCHF, what he calls a 'neglected' pair. It's been fairly range-bound of late but has been trading at three-week highs, above 1.0500. Could we soon see more movement here?