Wednesday, September 10, 2008

Australian Dollar Exchange Rate vs Sing dollar

Good grief. The Australian Dollar has fallen to $1.15 - a level not seen since 2004. 4 months ago, it was at $1.35.

Two factors I guess:

1. The Australian Economy is heading toward recession
2. No one trust the Labor Govt to do the right thing
3. Anticipation of a commodity slow down.
4. Lowering of the AUD interest rates.

Last factor was probably the clincher.

AUD interest rates.



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