will bhp hit 32.50, page-2

IMO if base metals fall further Aus dollar will fall with it. If Europe starts to cut rates over the next twelve months due to inflation no longer being a threat because of slow global growth the US dollar should be well supported and hence our dollar will fall further if that scenario develops. In the very long term though the US dollar should continue to trend down but its a story a few years away yet. Australia is still a country viewed by the world as higher risk and therefore our share market does well when global growth is boyant. Having said that it wouldn't suprise to see BHP fall a few more dollars before this bear is over.