Originally Posted by RattyMouse
Much remains to still be seen as the US dollar gains strength (I'm following this with interest) — not entirely unexpected. The Australian dollar like a few other currencies, is influenced is by Asian economic performance — especially China; there is weak economic data coming out of China at the moment (marked slowdown in electricity production is a key indice of China's industrial performance) so the AUD is falling while the US dollar is rising, the yen is falling... you get the picture — lots of selling off going on across currencies. All this could influence future prices, but not in the immediate term.
Last edited by Poisson Du Jour; 05-12-2013 at 09:59 PM. Click to view previous post history.