In light of current price action I thought I'd revisist this thread again. At the start of business 7/21 we have Swissy at 1.0225 and Aussie at around .9705. Aussie has been trending higher and higher for the past few weeks, even separating their umbilical cord relationship with the Kiwi, as the latter has been retreating back to 75 cents on fears of a slowing economy. Australia faces similar worries but the currency keep trending higher and higher. The Swissy seems to want to return to springtime lows and made a threat early last week before retreating on profit taking. It is probably a good idea to keep an eye on these pairs this week as US banking problems take a larger role, especially with Fanny and Freddy Congressional hearings Weds.
Brazilian real should hit parity in about 10 years and with a massive carry, I wish they would open the currency more