This tries to explain why I've been shorting asia currencies... I've been seeing interesting fund outflows here in malaysia since June and the chings pulling the handbrake on money supply - rate hikes due to inflation. But the worst confirmation was the ching banks still presented record profits! Asia will freeze in 2012, most likely outcome. A ching slowdown will be felt globally. As for oceanic lands, that kiwi and aussie will be thrown under the bus. This will be my trading plan for 2012 - short asia & oceanic currencies until the dollar squeeze tops. Then the dollar will be thrown under the bus worse than 2009... Look out for these rotations.
http://economictimes.indiatimes.com/markets/forex/rupee-nears-record-low-singapore-dollar-hits-6-week-low/articleshow/10815503.cms
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!