I’ve just been listening to a radio interview with the CEO of the ANZ banking group and he is of the opinion, like myself and many others, that the RBA may have jumped the gun a little by raising rates before Christmas. He is also of the view that they will raise again by 25 bps next Tuesday. The AUD/USD has recovered after the earlier sell-off and is back mid-range for our session at least around .8980. Sellers now back towards .9050.