Short AUD looking like the best trade. Maybe not day trade, but...

Short AUD looking like the best trade. Maybe not day trade, but why is it going up? World growth in tact? China continues to grow exporting to Europe and America? Strong local economy? Falling unemployment? Rising Interest rates? Record prices for commodities? At the moment there are record prices for commodities, but oil traded $140 in the GFC only to plummet below $40 when people worked out recession means less consumption. So I think coal and iron ore can expect a big plunge in price in the next 3-6 months.

The AUD is seen as the poster boy of world growth and BRIC growth and Asian growth. All of these will take a breather during US-Europe recession and the only trade i can see(besides GOLD) is short AUD.