It's not all that hard to understand, hawk. After all, the reserve bank has been decreasing interest rates to reduce the demand for our dollar. However, because our economy has been well managed in comparison to most other countries, the demand was still high. How many other countries have close to 0% interest rates? If you look at that, you'll understand why there is a big demand for the Australian dollar and you won't have to rely on copying economic forecasters' opinions lol