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[Dex]

Good article.

http://www.dailyfx.c...Still_Bid_.html

"In the accompanying statement, the RBA cited softer economic conditions, housing woes, and a moderation in inflation. We believe that this is a very important decision which will have a wider influence on the market over the coming weeks. The RBA decision reaffirms our core view that we are still not at the end of the global crisis, and only now entering the third and final phase which will intensify in the commodity bloc and emerging market economies. China is at the center of this third phase and ongoing evidence of continued slowdown in the Chinese economy should weigh tremendously on the correlated economies. Australia, the other commodity bloc economies and emerging markets will suffer from this slowdown, and we believe that the best trade going forward is short commodity bloc and EM and long major currencies. "