Shouldn't settle higher than 96 but may well spike down in early trade. Another opportunity for the shorters .... And a buying opportunity for the longs.
The US tightening should in reality have limited impact on IO demand and should in fact help our profits by putting more pressure on the A$ but hey that will be forgotten in the rush to safety.
The sharemarket can be very frustrating for the long term investor!
H
AGO Price at posting:
$1.01 Sentiment: LT Buy Disclosure: Held
