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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Mark Adams who wrote (3929)5/29/2001 6:17:22 AM
From: Moominoid  Respond to of 33421
 
Gold and the Yen have both been very good explanatory variables for the AUD over the last few years. The percent decline from 1996 to the present has been almost identical in gold and AUD. It doesn't make much real world sense as gold is only maybe 5% of Aussie exports. Most of the deviations from the gold-AUD relation seem to be related to Yen/USD movements. Sure other factors are important too. On the other hand maybe AUD and gold have both been trashed for the same reason?



To: Mark Adams who wrote (3929)5/29/2001 10:57:35 AM
From: John Pitera  Read Replies (1) | Respond to of 33421
 
Hi Mark, The AUD is definitely seen as a global reinflation play, among the currencies. Even if global growth,
is not super hot, if it tinted with commodity price inflation, then I would look for the AUD to benefit.

John


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