The Australian dollar has added 50 pips today in the third day of gains. It's at the highest since July 18 and also at levels that would be the highest since January excluding the June-July ramp.What's particularly impressive is that AUD is rallying despite all the poor indications from China, including the recent plunge in iron ore prices. Unfortunately, that's what I also think will cap the rally. For more than two decades, the Australian dollar has been tied to China and I can't see that changing. I think that eventually China will turn and maybe the market is sensing that but I would like to see clear signs of real Chinese stimulus before chasing AUD returns. Moreover, I'm concerned abou
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