Normal
Despite everything I think the AUD is still in its final throws, just like the waves on a beach before the tide finally and decisively turns.Spain and Portugal are in bigger trouble, some think, than is being admitted and Germany and France can do little more as the European Union just has not enough cash to bail them out.The IMF are concerned about a double dip recession that will cause many commodities to fall in price. If they fall then the AUD goes down with it.The AUD is still strong on a 7 year view at AUD1.25 to the USD1. That should come in late winter or as we know, late summer in the States, Europe, Russia and China, imho.
Despite everything I think the AUD is still in its final throws, just like the waves on a beach before the tide finally and decisively turns.
Spain and Portugal are in bigger trouble, some think, than is being admitted and Germany and France can do little more as the European Union just has not enough cash to bail them out.
The IMF are concerned about a double dip recession that will cause many commodities to fall in price. If they fall then the AUD goes down with it.
The AUD is still strong on a 7 year view at AUD1.25 to the USD1. That should come in late winter or as we know, late summer in the States, Europe, Russia and China, imho.
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