Thin markets, over-exaggerated moves, Asian central banks buying up Euro & selling USD with no 'defenders', SL's getting hit left & right for even more exaggerated moves.
IMO, the banks are just buying up the Euro to have a better 'short' position.
Look at the monthly charts for the NZD & AUD, they are synced with some lag pretty well.
& think that China is trying to get the best possible position before they announce a couple more rate hikes and the 'real estate' bubble over there burst a little bit.
Aud is over-priced right now, needs...
as a common traders in and out.... do wt u must to earn a living.. let em fight. we dont fight !
