Yes, I think most investor have more confidence in the AUD than the USD and the Euro.
However, like I have posted earlier, I believe the Aussie do not want their currency to be too strong as that's bad for their export economy. And yes, they have other large trading partners, especially Japan, China, Korea, & the Asian Pacific region, but the problem is quite a number of these trading partners have their currencies pegged to the USD and a weak USD means a weaker local currencies which in turn makes imports from Aussie land rather expensive. Unless and until these countries get their currencies un-pegged from the USD the Aussie have a dilemma on their currency. And they have a pretty strong rival from Kiwi land & South American countries just waiting to fill in the import requirements of these countries.
As it is, China has been heavily investing directly in Argentina & Brazil for their agricultural import requirements.
For the Euro, also like I have posted above, some people are yanking it up to clear those short traders out and they are looking for any silly excuse to do that in any which way they can without being accused of manipulating the Euro.
Any good news from the US are literally taken with a pinch of salt these days due to this being election year and all which makes these news unreliable and untrustworthy. As some analyst have posted, the increase in employment figue is due to extra hiring of pimps, prostitutes, and drug pushers...and another remarked that the drop in unemployment is due to workers leaving the work force.
But the USD is still very much sought after since many foreign currencies are pegged to it, external trades are conducted with it, commodities and, of course, the all important oil are pegged to it....plus, the US of A is still the most powerful nation on this third rock from the sun
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Assistant Moderator:
Yes, surprise, surprise
...we senior FPA (unpaid officers too
) actually do trade the forex and know a little bit about the market too
BTW, what's your opinion on currencies these days??? Or have you retired from trading the forex????