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Cheer up, Aussies. You’re winning the currency war

Posted on 31 May 2013

Everyone loves a weaker currency, right? There’s a currency war on, don’t you know. Well, Australians are not necessarily big fans, it turns out. The Australian dollar has been whacked of late. From the heady heights of $1.05 against its U.S. cousin last month, it made it almost as low as $0.95 earlier this week.
This is not just an Australian phenomenon, of course. The U.S. dollar has been on a tear and has ripped down any number of other currencies in its wake. Still, the Aussie has drawn its fair share of attention, and the currency has its own drags………………………………………..Full Article: Source

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VRS - who has written 36638 posts on Opalesque Commodities Briefing.


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