Yep, but in which direction is going to break out
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Dislikedhi all i wanna ask what if aud rate cut by .25
is it have the same effect as .50?Ignored
DislikedEven If they cut it by 1 pct, the market isnt following fundamentals or technicals.
This is pure panic stuff and traders are on edge.
Australia is in a better position than most other countries only to see its currency trashed.
Why?
My theory is that since banks are lending to each other, the shortfall is being covered by some with currency selling and USD buying to fund their short term exposure.
When the credit market conditions ease, the currency selling will reverse and watch people bail out of USD back into currencies.Ignored
Dislikedagree with you... but by a way or onther cut rate mean weak currency...Ignored