AU Dollar growing stronger

Aliantha · 02-04-2008, 06:11 PM

The Aussie dollar continues to climb as inflation and interest rates continue to bloom. While this is great for imports, it's put a huge hole in our export businesses.

What's good for some is always bad for others.

Quote:

THE dollar opened stronger today, knocking on the door of $US0.9100, as expectations firmed for another interest rate rise this afternoon.

At 7am AEDT, the dollar was trading at $US0.9093/97, up from yesterday's close of 0.9047/52.

During overnight offshore trade, the domestic currency traded between a low of $US0.9048 and a high of 0.9101, its strongest level since November 9 when the unit reached 0.9322.

xoxoxoBruce · 02-04-2008, 06:18 PM

Another 10 cents and you can join the tee shirt club, with the Canadians and Europeans.

tw · 02-04-2008, 10:17 PM

Better is bigger.

02-04-2008, 06:18 PM	#2
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	Another 10 cents and you can join the tee shirt club, with the Canadians and Europeans. Attached Images __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.

02-04-2008, 10:17 PM	#3
tw Read? I only know how to write. Join Date: Jan 2001 Posts: 11,933	Better is bigger.

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