Quote:
Originally Posted by wasyoungonce
What irks me is that the US economy is in a worse state than ours, the downturn is greater there yet out dollar is hit harder.
I suspect the USD will be falling sometime soon.
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It is called "flight to safety" ie the o/s investors see USD=safe, AUD = Pacific Peso.
Unfair it is but it is how the world views the AU economy, motly harmless amounting as it does to only a few (2%?) of global GDP iirc. Most of the action is USD/Euro/Yen, I cannot see the AUD getting anywhere near the USD for a few years, better to plan on 70-80c.