OK, the taper … bad news.
The HSBC Flash Manufacturing PMI … yuck … bad news
China cash crunch – no relief. Bad news.
But look at the AUD, sure it dipped but its bounced back (a bit) 67/72 as I type.
Not a bad response. Is it over and we trade up?
What ya think?
(I’ll just quickly put in my 2 cents worth (US pennies, mind you, not any of this useless Aussie cents) … looking now like some buying 0.9225/35, offers 0.9300/10. I think a bit of a bounce but will be happy trying a sell again above 0.9300)
