First time I had seen USD falling below parity against the Aussie. Whats your take? USD regaining or going down further? For me I am betting Aussie will continue to strengthen.
Being in the US I see it as a temporary thing. Too much at stake. If dollar goes down so will the economies of some of the thriving nations (such as China, Saudi Arabia, Japan) since the US is their main distributing market. Some powers want the US to fail, but they are not stupid to try to cut off the branch they are all sitting on.
The world is turning upside down! I liked it better when the AUD was worth nothing. Apx 70% of my income is paid in USD. I may as well get paid in shells and nuts these days. I remember the good old days when my paycheck (in USD) would nearly double once it hit my AU bank account.
There are nothing different about USD and AUD now........ when USD fall and AUD continue to strength...