The strains and stresses on the Australian dollar are growing rapidly and its key supports are under attack. Already at six-week lows against the U.S. dollar, everything from falling prices of Australia’s key exports of coal and iron ore, rising expectations that interest rates will be cut again, and a slowdown in China, argue for a fall in the Aussie. The latest negative for the currency can be seen in wildly skewed market positioning. Last week, long Australian dollar positions held by speculative investors trading the Chicago-based International Monetary Market, or IMM, touched a record high last set in December ... (full story)