| Aliantha |
02-04-2008 06:11 PM |
AU Dollar growing stronger
The Aussie dollar continues to climb as inflation and interest rates continue to bloom. While this is great for imports, it's put a huge hole in our export businesses.
What's good for some is always bad for others.
Quote:
THE dollar opened stronger today, knocking on the door of $US0.9100, as expectations firmed for another interest rate rise this afternoon.
At 7am AEDT, the dollar was trading at $US0.9093/97, up from yesterday's close of 0.9047/52.
During overnight offshore trade, the domestic currency traded between a low of $US0.9048 and a high of 0.9101, its strongest level since November 9 when the unit reached 0.9322.
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