aussie expensive, page-25

The pundits say that a rate hike is almost certain this year;

http://au.finance.yahoo.com/news/Inflation-outlook-means-rate-aap-212078692.html?x=0

But central bankers merely follow the market so I'm expecting the RBA to backflip and start cutting rates during 2011 and beyond (as they follow bond yields, stock, commodity and house prices down over coming months & years).

What is certain is that when the commodity bubble bursts we'll see the AUD tumble. And given the current extreme bullish sentiment on commodities, and extreme negative sentiment on the USD, such a major reversal in trend is looming.