> EUR AUD: Trade of the Century

[Gredos]

Goldman Sachs dice que es una de las mejores operaciones para largo plazo.

Goldman Sees Aussie Trade Of The Century - Deal Journal Australia - WSJ

“One of the best long term trades out there at the moment is long euro versus short Aussie,” Thomas Stolper, chief currency strategist at the U.S. investment bank told Deal Journal Australia.
At the genesis of his thinking is that much of Europe’s bad news is priced in whereas the headwinds for the Australian dollar are only now building from slower Chinese growth, interest rate cuts by the Reserve Bank of Australia and tighter fiscal policy.

Talk of the Australian dollar being a safe haven should be put on ice too. The US investment bank believes it’s at least 20% overvalued against the greenback and vulnerable to a sharp correction amid a slowing domestic economy and downward pressure on commodity prices.