AUD

Today, the Reserve Bank is expected to drop the interest rate. Whether it is 1/2 or 1 per cent is a matter of when.  Yet, the AUD has remained resilient, staying at over USD1.04.  I am surprised.  Hence, it isn't that Aussie interest rate is falling but the Feds is printing more USD.  Currencies that are tied to the USD have dropped in value as well.  The yuan should be up, yet it is following the USD.