Forex

I think AUD is the best. Reason:(1) There is tightening bias (0.25%) in interest rate on AUD at rate interest meeting on 6Feb2008. (2) United States interest rate may drop 1.25% further, widening interest rate differential further support AUD. (3) Carry trade will resume by buying AUD and selling JPY, once global stock markets stabilized. (4) Gold will move upwards further as interest cost lowered, gold exporting country, Australia and AUD, benefits from gold rally. (5) Strong fundamentals in Australia. While NZD and EUR both are toppish in interest rate and economies start slowing, not much upside potential as compared with AUD, NZD is the highest interest rate though.

yes, I agree that Aud is the best at mom

cause n/w there's probable int rate hike there

i foresee topish around 0.91-0.9150