3:30am today 1 AUD = 0.9547 USD Now 1 AUD = 0.9200 USD and falling Since when did the USA economy start doing well??!
- Bernanke press conference where he left a door open for a stimulus slow down - China manufacturing PMI <50 for the second consecutive month
US dollar safe haven, and Amusement, cachinnation, cackle, chortle, chortling, chuckle, chuckling, crack-up, crow, crowing, fit, gesture, giggle, giggling, glee, guffaw, guffawing, har-de-har, hilarity, howling, laugh, merriment, mirth, peal, rejoicing, roar, roaring, shout, shouting, shriek, snicker, snigger, snort, snorting, sound, tehee, titter, tittering, yucking it up.
Liquidity = Liquidation = World Reserve Currency The inevitable second crash has begun, expect markets to freeze soon as the Politicians and Central Banks discuss bail outs in order to protect the buyers of Bonds Without a functioning Bond market the jig is up Cash sitting in peoples accounts will be the easy target, either via Inflation or direct "Taxation" all depending which country you live in
The big traders of the world are selling/shorting everything and AUD is just another market on their screens - no different to orange juice
KRudd's move back to the top spot might do some interesting movements for the FOREX. Only time will tell...