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Australian dollar pulverised as commodity bubble bursts

July 4, 2022 - 00:03 -- Admin

DXY again pushed for new highs on Friday night but failed. It remains a very bullish chart: AUD was pulverised and broke key support. Look out below as the crosses cracked too: Oil was bid, sadly: Goldman’s commodity bubble is bursting spectacularly. The idea that you buy commodities as a hedge against commodities remains preposterous:

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