The Aussie dollar has been finding a lot of support and gained strongly against the US dollar this morning. A lot of buyers have been cited around $0.9100 including large pension funds and central banks. The Aussie dollar is very much a risk driven currency and tends to perform well when bullish sentiment prevails. However, the outstanding health of the Australian economy is seeing the Aussie dollar being supported even during these uncertain times. With the hoo-ha over the Australian elections now out of the way, investors can concentrate on the fundamentals underpinning the economy, which up till now has been very healthy. It will be tested tomorrow when Australia’s unemployment rate for August is announced with consensus estimates suggesting unemployment may fall from 5.3% to 5.2%. However, short-term fluctuations in AUD/USD are still likely to be dictated by investor risk appetite, with equity markets providing a good proxy for this in the current environment. David Choe, London