NAB 1.78% $36.94 national australia bank limited

re: aud @77.00 Hi gse,I just heard on Bloomberg that the Bank of...

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    re: aud @77.00 Hi gse,

    I just heard on Bloomberg that the Bank of Japan was, late today, selling Yen, and that the Euro was falling against the US$ in Europe (ostensibly in response to the BoJ's move on Yen).

    For our part, the A$ is now trading @77c, after touching out @76.97, but is still rising against the European currencies (EURO, GBP, SEK, CHF), but is falling against many of the Asian currencies (Renminbi, WON, YEN, S$, HK$, Taiwan $, NZ$, Ringgitr, Rupiah).

    The A$'s struggle between 77 and 78c still suggests to me that the RBA intervened in the FX market during the week. On this, however, time will tell. But some global Central Bank intervention concerning the US$ is not yet beyond one's imagination. Tonight could be interesting.

    As an aside, also saw Gold @$406.90, according to my Kitco newsflash from 6:42pm.
 
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