10-30-2007, 02:47 AM
The Australian dollar is trading now at 0.92 to the US $, up from 0.75 not too long ago. Along with the Candian loonie, the 'Roo will soon surpass the greenback in trading parity, if current trends continue (budget & trading deficits), and there's no reason to expect otherwise.
I guess I won't be going to Australia anytime soon....
But soon, the US dollar is going to experience a Wile E. Coyote moment, where it will realize there isn't any ground underneath it, and it will plunge precipitously to a mushroom cloud on a canyon floor.
Be forewarned. The consequences will be grave.
I guess I won't be going to Australia anytime soon....
But soon, the US dollar is going to experience a Wile E. Coyote moment, where it will realize there isn't any ground underneath it, and it will plunge precipitously to a mushroom cloud on a canyon floor.
Be forewarned. The consequences will be grave.