Quote:
Originally Posted by tabasco
What I should have said it has some effect. Of course the weakening US dollar is a major part but the reckless spending by labor leads to more inflation which leads to upward pressure on interest rates and the dollar.
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Weakness is the USD is only a part of it, we are very strong against China, India, Canada, Euro, US and every other major country we export our good and resources to. This plus the fact that tourists are no long seeing Australia as a good value destination means that these current highs can't last to long before they do real damage and the AUD comes back to the rates it should be
