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The problem isn't so much the rising AU dollar as the dropping US dollar.
We can all thank George W for that one.
From talks w/ marketting types, I was told it made the initial jumps from .54 > the .74 due to large mining and investment corps.
Apparently, (the very simplified version) goes like this - mining company know they have to pay $100M for a new mine / mine project / equiment on delivery in say 2010 - so instead of waiting until 2010, when $100M then will be equiv to $150M+ in 2007 $, they take the $100M and hold it - so when the time comes to pay, their $100M will have the value of the new $100M.
This practice of buying up huge amounts of AUD led to the dramatic rise.
And I'm with you, I'm moving OS in a few months.
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