"Meanwhile, China which now holds $1 trillion in foreign reserve holdings, announced March 20 it will no longer accumulate foreign exchange reserves."
Now THAT is very significant! China had a special department picking up about $US 20 mill a day (from memory) just to prop up the $US and maintain their trade balance. Without that there will have to be a drop in the $US. So why are they doing it now, after all these years? And if they dumped their holdings, the $US would become the US Peso...........
So how much is the Aussie dollar going to fall as the US dollar drops?
