At this rate we'll be 60c in just over a months time :)
I thought we'd need some fresh news to push below 95, these 1-2c 'drifts' lower (in absence of big news) don't seem sustainable, of course everything is possible in this market.
Very split on where to go from here, sentiment overwhelmingly negative, but many of the bears of today were probably the bulls of last month, I'm not really buying the idea we're in a sustained downtrend (just as I thought $1.10 was unsustainable). Strange that quite a few mining companies are close to 2008 lows, just how much further can we fall without a big event (doesn't seem plausible to go below 2008 lows without a catalyst).
AUD
unknown
is 95c the floor for the aussie this week?, page-6
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