News, Howard and the AU election? Buy or sell AUD?

[ChileNewbie]

Howard wins 4th term. When markets open after the weekend, do you expect the AUD to climb or drop on this news relative to the USD?

I know nothing of AU political front. But is this stability considered good for the AUD, and hence the AUD should go up?

[jasperforex]

A statement I read said a Howard coalition victory was largely priced in but an increase in margin may boost aus temporarily. Personally I will sell aus on approach to 7400 if it gets there early Monday/Tuesday otherwise there's nothing to do for me.

[bobnat]

Which Howard are we talking about...Moe or Shemp?

Nat

;-)