Great disappointment, tested yesterday after the RBA left interest rates unchanged, quickly gone, and the Aussie soared to new highs at 0.9758 in early trading in London. "Impressive" - all that can be said about this dynamic, to a maximum in July 2008 at 0.9850 remains in only one figure. Surging stocks, rising prices for commodities, trade on the difference in interest rates and the continuing weakness of the dollar is the main catalyst for the Australian currency. Despite the new highs made this morning, it is interesting that the Australian, in fact, it is still undervalued relative to other currencies this month.Indeed, other currencies such as the kiwi and the Korean won rose against the dollar by 2% or more this month, while the Aussie rose only slightly above 1%. For some, this is an alarming sign. For others it may mean moving purchases from other Australian vysokobetovye currencies, such as the kiwi, the dynamics of which recently was late. There are two important level on which the Australian was not far: a maximum of 2008 at 0.9850 and par. The latter have not seen since mid-1982!
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