If you have an interest in TV, sign up (free), and suggest - as I did - they cover ASX. Thye cover a lot of Exchanges. The more who do it, clearly, the more pressure. Bu then, we're only 2% of global equities mkts. I wonder how we compare to......Hmmm. Burkina Faso? Luxembourg? Just names at random.....
I can say the AUD is one of the top 5 or 6 traded currencies...very popular. It's got to be a proxy for commodities, like CAD (plunging......price of groceries is thru the roof, they are having a LOT of trouble there.....higher suicide rates in the Alberta Oil patch etc...it's not good).
Here's a chart - IN FACT THEIR RATE TO usd IS. VERY SIMILAR TO OURS...UNCANNILY SO....sorry caps...presumably for the same reason
CADUSD MONTHLY:
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Gold Surges To 4-Month Highs, page-848
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