With most market participants expecting a significant correction higher in AUD before the next down leg, Credit Suisse thinks that the biggest risk is that the downdraft resumes relatively quickly, and that many investors miss it – as they did the first stage of the correction. CS outlines 5 reasons for this out of consensus view: 1. The past week has shown that the AUD generally continues to trade more heavily than other G10 currencies. While the AUD joined the general squeeze higher against the USD Thursday (post Bernanke), the gains proved far less sticky than those seen for other currencies. 2. While the market ... (full story)