Thread: 4,587.00 USD = 4,659.69 AUD = Another kick in the affiliate bollox
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Old 10-17-2010, 01:22 AM  
AdultKing
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Join Date: Jun 2003
Location: Outback Australia
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Quote:
Originally Posted by CunningStunt View Post
The Aussie could reach $US1.10 within a month, AMP Capital Investors chief economist Shane Oliver said.

http://au.news.yahoo.com/latest/a/-/...ar-alone-swan/

No help from the govt from the looks of things.
Any future interest rate rise will further exacerbate the situation for sure, however if we see some instability in the fragile Gillard government then this could be good to bring the dollar down somewhat.

I don't like a high dollar, not only do I end up with less $AUD each month, it also encourages more imports which this country needs like a hole in the head.
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