The Australian returned to race in the last few days, helped by renewed dollar selling that night. The Australian dollar rose more than 1% in early trading in London up to 0.9950, helped by a sharp jump in commodity prices, and decent growth in Asian stocks. Chairman Stevens remains hawkish RBA: last night he said that the economy is still going strong with an increase in investment to record levels that have not been observed since 1960. The Australian currency as the euro, also benefits from the fact that the Central Bank is not engaged in interventions or quantitative easing. The new change in slope can occur to achieve parity in the short term.
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