@roger,
BY ALEX FRANGOS, GEOFFREY ROGOW AND TOM LAURICELLA
As global financial markets stabilize following weeks of turbulence, a surprise winner has been the Australian dollar.
Less than three months ago, investors were wrestling with the implications of Australia's own economic shock in the form of the devastating Queensland floods. And, this month, the disaster in Japan was followed by a rush among Japanese individual investors out of the Australian dollar and back into the yen.
The Australian dollar has become known in market jargon as a "risk" investment, one which will do well when investors are feeling comfortable about the macroeconomic outlook.
http://online.wsj.com/article/SB10001424052748704559904576228142211596136.html?mod=WSJ_hp_us_mostpop_read