ferris
The USD will continue to weaken as long as the equity markets rally and there is continued belief of a US led recovery. When, and it is my educated opinion, we see the double dip of the “W” recovery then I can see the AUD$ going south again because of the unwinding of leveraged carry trade positions. I have stopped buying AUD$ as of last month and am planning on holding HKD/USD for the foreseeable future.