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FXA - Australian Dollar Will Benefit From The Commodity Super-Cycle
Invesco CurrencyShares Australian Dollar Trust
The Invesco ETF (FXA) currently holds $107 million USD worth of Australian dollars and has been on a very long decline that began in 2012. Today, as the AUD/USD exchange rate hovers around its 2009 low, we believe it is an excellent short- and long-term opportunity for the right kind of investor. Australia exports an extremely high level of hard commodities and has had a trade balance that has risen dramatically in recent years. As commodity prices continue to reverse to the upside, we believe AUD/USD is poised for an excellent short-term breakout.