Mainstream radio shows and newspaper articles have started talking about the powerful AUD and how high it can go. 96 cents sounds like its only hours away, parity is a foregone conclusion and I’m not sure it’s even going to stop for breath with a 1 in front of it! We can also presume then that the taxi drivers are talking about it and that is usually the death-knell; once the taxi-drivers start talking about it, the move is usually over.
On a more earnest note, dealers confirm plenty of offers in the high 93s but there are indeed some large stops above .9410. It is the presence of corporate buyers as well as the ubiquitous speculators which is telling.
