It looks like China may have let out the last of the air out of the AUD's bubble. For most of 2009 the Australian currency forged ahead. But now, concerns over China are casting a long shadow and RBA rate hikes will come much slower than expected. Instead of staging a recovery back up to the $0.90 level the AUD may now be headed down to $0.80. AUD/USD is at 0.8883.
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