Whoever is long on AUD , i reccomend you put a stop loss. I am sorry to say that I am predicting AUD will drop to parity again as the days of horrific EURO news gets closer. Frankly, I don't really get how AUD is so high, it's just weird. I like to ask this question," WTF would you do IF Greece opts out of the EURO causing financial Mayhem in Europe ?"
1) Throw ALL my EUROS AWAY, no fucking point risking a bankrupt currency and buy USD, JPY , CNY , CHF whatever that's not EURO , SELL carry trade currencies ( AUD, NZD , IDR ) ( high interest currency)
2) Buy gold, even if it's so high already
3) If gold is too high, buy other commodities
1) Throw ALL my EUROS AWAY, no fucking point risking a bankrupt currency and buy USD, JPY , CNY , CHF whatever that's not EURO , SELL carry trade currencies ( AUD, NZD , IDR ) ( high interest currency)
2) Buy gold, even if it's so high already
3) If gold is too high, buy other commodities