When Nick Twidale reaches his desk in Sydney’s Bridge Street each morning, he’s greeted by a seemingly endless slew of dollar buy orders.
“It’s the easiest trade in FX,” said Twidale, a 25-year markets veteran and Asia Pacific chief executive at broker FP Markets. “Until there’s a dramatic shift in fundamentals and rhetoric with the Fed, you’d definitely be foolish to sell the dollar when the whole world is so nervous.”
