Dislikedno it should not
look at the federal funds rate
why on earth would you be holding, treasuries or US paper with .25% at most.
would you rather park that money into AUD 3% or equities which returned 11% on investment.
how about commodities?
USD is a bit different than other currencies, in the effect that it is the reserve currency of the world, and assets flowing out of the USD will need to FLOW INTO other asset classes.Ignored
Were you long, or preparing to go long on EUr/Usd if the deal went well ??
I will become the World's best at my own style