[Tweety]

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What does this mean for my Australian Dollar holdings (straight money market, it's part of the basket I bet against the dollar with)?

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Probably not much. There may be an initial knee-jerk reaction to sell AUD tomorrow when the fx market opens given that the perceived less business-friendly candidate won, although in the longer term this change in leadership shouldn't have much impact on the currency. The australian dollar will move up and down based on commodity prices, australian monetary policy, australian economic data, and the general state of risk aversion in the world. Speculators buy up the aussie when risk aversion is low, as it is a high yielder and makes for a great carry trade against lower yielding currencies like the yen and swiss franc. When people panic and world equity markets sell off, the australian dollar suffers, because these same speculators have to cover these carry positions to meet margin calls elsewhere.

Given the clear up trend in gold and other commodities, the general robustness of australia's economy, and the relatively high rates in australia, I expect the currency to continue to strengthen. Any impact from this election on the currency should be short-lived.