Tuesday, January 30, 2007
Well, Macro Man tried to be cute and sold his AUD against HUF. Cue predictable straight-line sell-off in HUF. 258 is a key level which has broken this morning. Although it has pulled back to retest the level, Macro Man suspects that it is onwards and upwards for the pair. He therefore buys 12 million EUR/HUF , value 2 Feb, at 257.75.