Oh No.... we're going backwards living here in the USA, time to move back to Australia earning fat aussie $'s to pay off our NY mortgage :)
Cheers,
Dean
Wednesday, May 28, 2008
A$
The Australian dollar will exceed parity with the US dollar by the end of the year: "The Australian dollar will rise 8 percent to $1.04 by year-end as the nation's central bank increases the benchmark interest rate twice more in 2008, according to Australia & New Zealand Banking Group Ltd. The forecast revision makes Australia's third-biggest lender the most bullish on the currency among the 39 banks and research firms surveyed by Bloomberg News. The Melbourne-based bank had previously predicted Australia's dollar, known as the Aussie, would buy 90 U.S. cents by the end of December."
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Dean,
ReplyDeleteWelcome to the club. About 10 years ago I moved to the US from Canada. Historically the Canadian Dollar was hovered around 0.67 USD for the past 30 years. I was certainly that way when I cashed in my CDN savings to buy a house in the US. Last November the CDN$ was actually $1.04 USD. Three weeks ago when I was in Ontario it was about 1:1.
Michael Graves
Who'd you think you are, George Soros? Quit yer whining, and spare a thought for the people of Central African Republic where the exchange rate is 2 million of their currency to the US dollar :) :)
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