View Single Post
Old Nov 12, 10, 1:20 pm
  #1  
CPMaverick
 
Join Date: May 2006
Location: GA
Programs: VA-PLT, QF-GLD, DL-exDM, UA-ex1K, AA-exPLT, HH-DM, IHG-PLT, MR-GLD
Posts: 7,946
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