Dollar climbs again

[anakie]

Source: The Australian

AT noon (AEST) today the Australian dollar was trading at $US0.9736/40, up from yesterday's close of 0.9678/81.

During the morning, the Australian dollar traded between $US0.9708 and 0.9740, a 25-year high.

The local unit last reached this level on January 28, 1983, when it reached $US0.9732 during the days of a fixed exchange rate.

ABN Amro currency strategist Greg Gibbs said the US dollar continues to soften amid fears about the health of the US financial sector.



Read more: http://www.theaustralian.news.com.au/story/0,25197,24022888-12377,00.html

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The Australian Dollar that is. Almost parity; which is unheard of.

[Doctor Cynic]

1. The Swiss Franc flirted with parity a few months ago. They'll do it again.

I hope the Canadian Dollar can go back up so my trips south can be cheaper.

[Muttocracy]

2. Somewhere I have a jar of Canadian coins. Hope I can find it. nt

[UpInArms]

3. when I read the post title - I shook my head in dismay

until I opened the thread



I knew it wasn't the USD

[razors edge]

4. The only one that matters...

The rest is just a comparison of individual currencies bound to the decisions and policies of the nations who distribute them.

[Pale Blue Dot]

5. Have you seen the Asian markets and the futures?

Tomorrow's looking grim.

[Number23]

6. that's big

today the Australian dollar was trading at $US0.9736/40, up from yesterday's close of 0.9678/81.

When I got here less than three years ago, an Aussie dollar was worth roughly .74 US cents. For it to have gone up dang near 25 cents in 2 and a half years is nothing short of astonishing.

Plus: big help when I pay my U.S. bills.

Minus: Shrinking U.S. economy makes me wonder what I'll be coming back to if I ever come back home.