http://www.bloomberg.com/apps/news?pid=20601087&sid=aTS7Mz0crKx8&refer=worldwide "There's some talk around that there could be a coordinated global interest-rate cut tonight and that the Reserve Bank of Australia is preempting that"
Its a good thing there are no shorts anymore. I was thinking they should just ban selling all together.
I think at the worst point I saw the AUD down 10%. Insane. Probably a good idea to cut rates to make it less appealing to carry trade housewifes who blow up with 50x leverage and then drive down AUD in margin calls.