g'day defabstar,
agree 100% on A$/US$ by 2013. Indeed it won't take that long.
US$ was already over valued before the financial crisis, but now printing Trillions of $'s has a price. I don't see any way we won't be at least parity in the next few years. I assume the hedging would then be left in place, as it would then be quite valuable.
btw, when is the shortest date one expiring?
cheers,
ned.
cer will trade below 4 cents, page-21
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