Wednesday, 27 July 2011

Aussie at all time high!!!

Aussie Dollar had hit all time record high against USD after a very hot inflation expectation report today. Last read at $1.107.

Since AUD hit all time high, with recently Kiwi dollar hitting record high, there maybe a chance we have reach the peak for carry trade. Much of it should be seen supported by the previewing US Debt issue at main street that cause the two commodity currencies to press on.

Renomic

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