Currency
Monday, May 12th, 2008
According to Bill Evans, Westpac's global head of economist, Australian dollar will peak against the US dollar at $US1.01 by March 2009. Australian currency surged to a high of US95.07 due to commodity price rose and crude oil jumped. The weakening of the US economy will send the Aussie higher ...
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Tuesday, April 29th, 2008
Had a conversation about currency with my friend few days back. The conversation is quite interesting which made me find out more on how interest rate control inflation and how inflation caused devaluation of the currency. Inflation is caused by excessive consumer and government spending which result the increase ...
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Sunday, March 2nd, 2008
Australian dollar nearly reach US95cents on friday. US dollar weakness pushed the Aussie to a 24-year high of US94.98cents on Friday. It was the highest level since March 1984. Australia remained the second best performing currency against US dollar in February as the Fed cut the interest rates. The ...
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