Sunday, October 5, 2008

Weakening AUD


Managed to buy some AUD at 2.83 yesterday. Looks like it weakened against MYR after bouncing to 2.87 a couple of days ago. RBA will decide if there is going to be a 50 basis point rate cut the next few days or so, and what we're seeing is investors selling ahead of that. Will be on the lookout to accumulate more. Far cry from the 2.9s and 3s that we've been seeing not too long ago..

No comments: