what is the dividend?, page-56

AUD from Businiess Spectator:

Westpac New Zealand senior market strategist Imre Speizer said the news boosted the greenback, as traders took it as another sign the US Federal Reserve would begin tapering its mass bond buying program, known as quantitative easing (QE), within months.

"A better economy and less bond buying by the Fed both have the effect of pushing US interest rates higher," he said.

"If US interest rates go up, relative to other countries' interest rates, its currency should go up."

Mr Speizer forecast the Australian dollar could fall below 90 US cents on Monday or Tuesday for the first time since early September 2010, despite a lack of US data.

"It's extremely vulnerable," he said.

"I have high confidence in the Aussie dollar visiting the 80s from this week onwards."



POG - no idea, we saw another push down Friday and my take is plus/minus 50 USD a day is now the "new normal"