Lat week's big sell off is a big worry for us because our stock market is intimately tied to theirs in cross trade ownership. Add the Chinese further monetary stimulus of late with the controlled implosion of their real estate market, you can see the ongoing reflection in our AUD. What some people don't realise and I was only aware from other less profiled 'experts' recently is to watch the Yen strength as further signs of Japanese selling "things" everywhere both domestically and internationally to secure the funds to defend their currency.
An Iran's telegraphed major response be it bigger than their earlier one is anticipated. Might be the straw that broke the economic camel's back?
