I misunderstood you. Yes, I remember the Soros affair. Some...

I misunderstood you. Yes, I remember the Soros affair. Some reserve banks are good at currency trading, others aren't. The Australian Reserve Bank makes billions from it, buying in at 60 and selling at 80. The government should give them a lot more to play with; we wouldn't have to pay any taxes!!

I don't know if the yanks will try to prop it up at this point, a lower buck helps their exporters. The Chinese might conceivably be in the market, as a falling greenback hurts them.

Ultimately, most modern currency traders trade on the technicals, not the fundamentals (NAB's rogue trader Gianni Gray was an exception to this rule). The technicals currently favour a rise, imo.