oz $ v us$, page-7

Hi Dasa, we expressed the opinion that OZ should have kept 50/50 in US and AUS right from June. It is a bit late to change it all now and we do not suggest that. All foreign Exchange " Advisors" are predicting parity within a very short timeline. No-one that I read is talking about a huge comeback for the US - in fact it is all Doom, doom and doom. We never seem to carry any weight with management anyway - remember when so many were yelling for OZ to hedge etc, etc, before the crash. So, all we are doing is expressing our personal thoughts. Cheers, M.