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."
Oh No.... we're going backwards living here in the USA, time to move back to Australia earning fat aussie $'s to pay off our NY mortgage :)
Welcome to the club. About 10 years ago I moved to the US from Canada. Historically the Canadian Dollar was hovered around 0.67 USD for the past 30 years. I was certainly that way when I cashed in my CDN savings to buy a house in the US. Last November the CDN$ was actually $1.04 USD. Three weeks ago when I was in Ontario it was about 1:1.
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 :) :)ReplyDelete