Have you noticed AUD/USD performance?

Despite the fact that many "analysts" say that AUD/USD owes its uptrend to the good Australian economic outlook, it was mainly the last month's euro rally that made it bounce back at the .92 level. Second day of euro weakness and AUD/USD has already lost 1.5 cent.

In any case, it couldn't be different as AUD is a growth currency and it is the global market trend that it mainly follows. And markets have only partially recovered from the May/June big losses.

Are these "analysts" out there trying to manipulate traders?

first rule of trading dont listen to anyone else. they are 9 times out of 10 wrong its safer to just ignore them and make up your own mind

regards damien

AUD/USD is dependant on two really big factors, who wants to invest in Australia and how much iron ore China wants.

Dunno why people keep shorting and gettin nervous about our currency. We're doing better than most developed nations post-gfc

However markets understandably get scared when Tony Abbot goes out in his speedo's.

I don't buy the argument that China buying Aussie minerals saved the economy from recession. I don't agree that the economy won't be able to survive without China either. Exports in general are less than 20% of GDP and mining is about half that again. Like most of the western world Australia is heavily reliant on the services sector (about 70% of GDP) and a large part of that is financial services. China doesn't buy ALL of our resources either.

http://www.abs.gov.au/ausstats/[email protected]=gif

I only have a bachelors in economics. I found it doesn't really give me that much insight into big matters like this despite the 3 years of study. I just noticed AUD/USD started to rise after China got its stimulus package announced.

10% of GDP does sound rather significant though.