Deuce. Advantage Australia.

The Aussie has reached with the USD briefly today before bouncing down to 98 cents to the dollar.


Chart forAUD/USD (AUDUSD=X)
This has not happened in the last 5 years and the dollar is now at an all time high. However it seems likely that the USD will continue to weaken against all world currencies and that the aussie will rise further.

Chart forAUD/JPY (AUDJPY=X)
It seems that increasingly the USD is becoming out of flavour - and that in an attempt to increase international competitiveness, the country is reducing its FX rate to encourage exports and to kick start its domestic economy.

What is next? Dollar to 1.20?



What's up Jono?
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