The Australian dollar can be expected to recover in the next week, holding out above $1.00 parity with the USD. The principal reason I think will be a weaker USD based on the cross-rates. The USD has recovered against the Yen, but it will quickly wither, and test previous low.
The Euro also looks set to strengthen against the USD, though I'd stick with the hard currencies, not the pretend (main) ones.
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Andrew Sheldon www.sheldonthinks.com
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