yet they still flock to the $us?, page-5

The Aus treasury in cahoots with the Reserve know too strong an oz dollar is not good, and have an enviable track record in control and money making by selling when it's high and buying when it goes too low. At the moment much funds are circling Oz assets looking for a home (read China, sovereign funds, goldman etc.,) so it makes sense to let it ride and extract the best prices in foreign currencies...a sellers market...

Sooner or later they will sell down just enough to keep things stable.