At 4.30am Friday Sydney time the aussie has has a real roller coaster ride with a high of .7140 to a low of .6934, a full 2 cent range.
The US was markedly stronger overnight against most currencies, in particular the Pound.
It was a crazy night trying to pick which way she would flow.
Not a lot of luck I am afraid here.
Seems the devil was looking over my shoulder all night long just waiting for me to take a position so as he could swing the market in the other direction. LOL
After the aussie reached its high of .7140, it was all down hill with some wild trading in between.
At about 3am Sydney time, the big hitters came in and bashed the aussie black and blue until it finally said enough is enough and it wiltered all the way south beyond the psychological .70 mark.
Shame really.
Never mind. Like me, the aussie will live to fight another day however one commentator is predicting a weaker aussie on the back of a stronger US dollar as the world economy sinks further into the abyss of the worst economic slow down in living memory......unless you were alive in 1930 of course!
Add to My Watchlist
What is My Watchlist?
