Aussie continues its winning streak to USD 1.015 on Wednesday as the Euro bailout fund looks more likely. Meanwhile release of the minutes of Federal Open Market Committee meeting held on 2oth Sept showed officials were still gloomy about US economy, which were negative on US dollar.
AUD soars to 3.18 Ringgit (1 month chart) and GBP/MYR at 4.93
Indonesia cuts its cash rate while Singapore Monetary Authority had said it will slow the appreciation of its dollar. Will Malaysia cuts its cash rate and loosen its monetary policy too..?
CRB Index (12 mths chart) is recovering to 311 but still below 50Day Moving Average.