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.
No comments:
Post a Comment