The market still looks happy to buy dips in the AUD/USD, especially as we were at 1.0070 just two days ago. There are consistent reports of solid buying interest both from Australian corporates and Asian central banks. The AUD nevertheless still looks vulnerable on some of the crosses, most notably against the EUR, and with the full impact of the floods on the banking, mining and insurance industries still to be measured, getting overly bullish Aussie is dangerous.
I have been called away unexpectedly but luckily Dave is on hand to guide us through to the end of the Asian trading week. Have a great weekend and see you on Monday.