If you want to know why the Aussie dollar is so resilient here it is, via Goldman:
Bottom line: In a speech today, RBA Assistant Governor (Economic) Luci Ellis expressed the view that the global economy has turned and suggested there was a risk in falling “behind the curve in catching a change in economic momentum”.
Dr. Ellis noted the current expansion was not “a flash in the pan”, citing a suite of indicators on surveyed sentiment, global trade and business investment.
