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Old Nov 12, 10, 1:20 pm
Join Date: May 2006
Location: GA
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Australian Dollar

Well the Aussie dollar reached parity with the USD less than 2 years after being at 68% of it!

A combination of factors, including a weak USD and a strong AUD are contributing (it's not entirely one sided). It's been hovering around the even mark since. Anyone from either side wish to comment?

I reckon it is good for the US economy but terrible for US Citizens in Australia. I think that it will end up around 0.95 or so and won't go back to previous levels anytime soon....
CPMaverick is offline