Aussie star on the wane
The Australian dollar (AUD), one of the star performers in global currency markets over the past eight years, appears to be very near a reversal point. Many of the factors that saw the AUD rally more than 100% from a record low of US$0.4770 in 2001 to a generational high above US$0.96 are showing signs of turning.
The turn lower may still be slow to show unambiguously, and there may still be one more commodities-driven surge towards parity, but it is getting close to the time to take profit - or
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