The Australian dollar?!?!

A friend just sent me an e-mail telling me about this:

http://farm4.static.flickr.com/3181/2934562346_2758b46ae4_o.jpg

Evidently the Aussie dollar has lost thirty percent of its value in the past month or so? Why? (Or does the question even apply?)

The graph is a plot of the AUD versus the USD, but you can put just about any other currency in place of the USD and the graph will look the same, I think.

Evidently the Aussie dollar has lost thirty percent of its value in the past month or so? Why?

The AUD was inflated due to
- high interest rates (carry trade) which have been cut
- high demand for commodities which is now down

However the reaction is exagerated and the extreme weakness will not last long.

Good value now to go to Australia - country which I love!

...and that is a point. Travel there becomes much less expensive, for us buggers from abroad.

Shit, now I'm going to have to try to remember how to speak Aussie English! :-)

And bring home CASES of Cloudy Bay Sauvignon Blanc!

And bring home CASES of Cloudy Bay Sauvignon Blanc!

but Cloudy Bay is New Zealand wine

[quote="Henry Cate":3cm1o0g4]And bring home CASES of Cloudy Bay Sauvignon Blanc!but Cloudy Bay is New Zealand wine[/quote:3cm1o0g4]You're surely not expecting accuracy from Henry Cate?

[francois]

..
Shit, now I'm going to have to try to remember how to speak Aussie English! :-)

And bring home CASES of Cloudy Bay Sauvignon Blanc!

Fill your mouth with Australian wine and try to speak American English?

[catawampuscat]

I have to agree with francois about the Aussie wine. :drunken:
Bloombery report Aussie Dollar up 3% on TV this morning 13/10, so maybe
there is some chance of a rebound.. :cat:

[quote="Henry Cate":3gqnecus]
And bring home CASES of Cloudy Bay Sauvignon Blanc!

but Cloudy Bay is New Zealand wine[/quote:3gqnecus]

For sale, cheap, in Australia, if you can catch it before it's all gone.