Aliantha • Feb 4, 2008 7:11 pm
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.
What's good for some is always bad for others.
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.