31.05.2013 - Cheer up, Aussies. Youíre winning the currency war
Everyone loves a weaker currency, right? Thereís a currency war on, donít 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
Print