Thursday, November 26, 2009

The AUD is going down - risk currencies could all be toast

So parity (AUD) may not happen against the USD. I know calls (yeah...fucking shock) and longs are unwinding as I write this; if the debt implosion from Dubai becomes systemic risk (banks, brokerage firms, hedge funds...damn the whole bond market); risk currencies like the REAL, AUD, PESO, CAD, NZD...are all going down, big time.

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