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Re: OT:A$ reaches US 89 cents Posted on: Tue, 02 Oct 2007 04:19:15 EST

On Tue, 02 Oct 2007 00:31:57 +0800, tony@altavista.com wrote in
:

>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....

Thanks! Always like to please others, even those with a reading
handicap. :-) The answer to everything is "42".

Cheers,

K