Watch the AUD/USD exchange rate.

Feb. 4th the reserve bank of Australia will meet and is expected to raise the cash rate to 7% while most of the other central banks are slashing rates in collusion with one another.

What does this mean? While Canada, England and the US are actively inflating their currency by cutting key rates in a doomed (and misinformed) attempt at preventing recession Australia is fighting the core cause of recession, inflation. If the cash rate is increased to 7% expect the USD/AUD exchange rate to move in favor of the AUD. Already the AUD has gained to the tune of 44% annualized against the dollar this year.