unlikely we even go below 82c. we ont go back to 50c
a) eurozone removed about 60 currencies money market used to trade so now AUD is a core currency in a diversified currency portfolio - and AUD is backed be an economy that, while weak - is immeasurably lower risk than europe
b) asian thematic means AUD will stay propped up even when AU GDP is slow and low
long term the china/india population nexus will continue to inflate confidence around Australian dollar
all the pundits prognosticating on historical relativities arent taking these 2 things into account
FMG Price at posting:
$2.81 Sentiment: None Disclosure: Not Held
RIO Price at posting:
$58.58 Sentiment: None Disclosure: Not Held
AGO Price at posting:
21.0¢ Sentiment: Sell Disclosure: Not Held
