Relative interest rates!!!

Australia's are among the highest in the developed world at the moment -
thus the punters buy AUD.

When either the RBA drops our rates, or the USA raises their interest
rates - the AUD will falter and fall (if the differential is high enough)!!

Plus there are a few other factors - inflation rate, political stability,
trade balances etc - probably not as significant as raw interest rates just
now!!



"4000 psi" wrote in message
news:U9mNb.4166$Xq2.2081@fed1read07...
whats driving the AUD recovery though? and when will it end ... this is
nuts!

"Gerrit 't Hart" wrote in message
u...

"4000 psi" wrote in message
news:YbhNb.3772$Xq2.1869@fed1read07...
the US dollar has fallen compared to the AUD quite a bit ... any ideas
on
when/if there'll be a recovery?

your thoughts are appreciated?!


The TV news here in Oz keeps telling me that the AUD is at a 7 year
high.
Seems to me that the it is the AUD which is doing the recovering!

Gerrit