The currencies continued to push the envelope versus the dollar yesterday. The Aussie dollar (AUD) was really kicking sand in the face of the US dollar yesterday, gaining over 1 full cent on the day! So all those traders who sold their Aussie dollar futures in the past two weeks, are piling back in, I bet! The euro (EUR) stalled out just above 1.31. But the rest of the “little dogs” were off the porch [...] Cheap Currencies Don’t Guarantee Strong Exports appeared in the Daily Reckoning . Subscribe to The Daily Reckoning by visiting signup for an Agora Financial newsletter .