The Euro is extremely oversold. The Aussie dollar is moderately oversold. By year end we expect the Euro to go up followed by the Aussie.
I think it would be pretty reasonable to expect that when you get into the final part of this year you're going to see strength in the Euro rather than strength in the US dollar. That's important when we look at the Aussie dollar.
I discussed this in my latest presentation to the network.
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