turn-around likely soon ?, page-9

Lol I don't know how you predicted the rally to 1.085, jumped 1.5c in a few hours. I too don't think the strength can be carried through, it seems odd that all the current indicators should she a weakening or moderation in the $, then it jumps sharply. Indications there may well not be a QE3 (despite many expecting it to be a sure thing), market pricing in an interest rate drop, China trying to stem inflation (hard to do while currency pegged to inflating USD).

Was this recent AUD rally really on the back of US default concerns though? If they default, demand will get shot to hell, commodity demand down, Australia down with it. Certainly wouldn't have thought the AUD to be a beneficiary in this scenario.