Mmmm, AU$ has suffered again overnight losing 0.75% against £. There is also significant flight away from nearly all developing markets with Ind Rupee at levels I have not seen since taking a slight interest 10 years ago. It would seem the strengthening US $ is drawing investment away from most markets with UK £ also holding firm given recent financial and jobs data. Both are considered solid traditional havens for investors.
Not all bad news as AU$ seemed to be significantly over valued such that this resetting will make investment and purchases from AU much more attractive including China who keen promising multi billion $ investments in rail etc.