AUD/USD: CitiFX says shorting this pair is the "best trade of the week"

In an analysis published last night, the CitiFX bank presents its "trade of the week": Selling AUD /USD.

"We expect the RBA governor to explicitly leave the door open for further monetary easing in his speech. As the market currently continues to take into account a limited risk of further easing, there is room for a decline.

Moreover, employment figure expectations are high in Australia after the disappointing figures of the previous month. If the numbers do not improve as expected, this will be a shock to the AUD".