currencies, page-5

fortunate to buy 4 contracts of AUD/USD at 0.632, sold out after 0.80. I had an initial target of 0.68 so glad I held. Think fair value is around $77 right now, so will come down from these levels. Might see some support for USD again, with Asian nations saying that the greenback will cont. as reserve currency. GBP/EUR because UK buying more gvt bonds...quant. easing - increase money supply, in the expense of the currency. I bet the ECB wil take a different stance and plan to offset, or "sterilize" the purchases by selling government bonds.