All i have to say, and as i have been saying, is that there is...

All i have to say, and as i have been saying, is that there is really only one direction for the AUD at this stage and in the medium term. Its up.

Whether money is printed or not where do you think that printed money goes to?

I would hesitate to short AUD:-

1. its expensive to hold short positions overnight... if your holding enough units it can hurt.

2. Rates will not be cut next week... Please give me a good reason to cut the rates.

3. Employment figures are picked up last month.

4. Yeilds are very attractive to say the least.

The RBA have for some months taken a very 'wait and watch' approach to our economy and macro environment. There is an EU deal on the table and the market is reacting positively to it which to me would suggest its another wait and watch month for the RBA to see how it all unfolds.

Current inflation rate is 3.5%, target is between 2-3% again, further evidence they will sit.

Why fight the trend...
(IMO of course)