CNBC guru forecasting AUD/USD 0.80 by Xmas on back of JPY/USD heading for 100. I aint complaining. POG is now abt AUD 920/oz. Seems to me Oz FED is keeping pace with the needs of local mining industry. Or is it just a punt on new ALP government as of Saturday? If so, I would expect further weakening of AUD thereafter (?)
IMBOOC