On Mon, 01 Oct 2007 02:05:29 GMT, kangaroo16
wrote:
>
>Posted 16 minutes ago
>Updated 12 minutes ago
>
>The Australian dollar has reached an 18-year high against the
>greenback. (ABC News: Giulio Saggin)
>
>The Australian dollar has opened at almost 89 US cents this
>morning, after peaking at a new 18-year high against the
>declining United States dollar.
>
>The local currency peaked at 88.94 US cents this morning - its
>highest level since February 1989....
>
>More:
>http://www.abc.net.au/news/stories/2007/10/01/2047661.htm
>
>See also:
>
>Dollar hits 89 US cents
>October 01, 2007
>
>THE dollar has hit 89 US cents for the first time since February
>1989 after strong interest in the euro and the NZ dollar pushed
>the local currency to a fresh 18-year high.
>
>The domestic currency reached $US0.8901 at 10.31 AEST to trade up
>strongly from Friday's close of 0.8823/29.
>
>http://www.theaustralian.news.com.au/story/0,25197,22510551-36418,00.html
>
>See also earlier article
>Greenback dives as currencies realign
>
>David Uren | September 22, 2007
>
>THE Federal Reserve's big rate cut has sparked a flight from the
>US dollar and US assets generally that threatens to unravel the
>recycling of Asian and petrodollar surpluses to finance the
>gaping US budget and trade deficits.
>trader
>
>Asian and Middle Eastern monetary authorities are now facing
>unprecedented pressure to break their currency ties to the US
>dollar because of the greenback's weakness, with some possibility
>that the long-established US dollar pricing of oil may not
>survive the shift in currency alignments. ". . . More at:
>
>http://www.theaustralian.news.com.au/story/0,,22460284-643,00.html?from=public_rss
>
>Posted 12 Noon AEST, 1 October
>
>Personally, I don't consider this as an OT post but will label it
>as such to keep everyone happy. :-)
>
>Cheers,
>Kangaroo16
Congratulations !!
This has to be one of the shortest posts from you that I have seen.... |
