rate hike next month

http://finance.ninemsn.com.au/newsbusiness/aap/8278049/aussie-dollar-closing-in-on-111-us-cents

"The signal for the RBA is crystal clear and if they are in any way competent, they will hike rates at the next meeting (in August)," said Adam Carr, senior economist at ICAP.

"The consequences of them delaying for another six months could be dire in 2012," he said.

Make pain your friend.