International economics - the price of heading to Australia for the
pre-Worlds and Worlds

International economics - the price of heading to Australia for
the pre-Worlds and Worlds

http://www.smh.com.au/business/unstoppable-dollar-on-course-for-us105-20110327-1cbyc.html

A ROCKETING Australian dollar could hit close to .05 next
month, with signs its record-breaking run is far from over.

The dollar hit a record .0294, its highest since its 1983 float, in New York
trading early on Saturday morning, Sydney time.

A weakening US dollar, stronger commodity prices, particularly in raw
construction materials, and relatively high interest rates compared to the rest
of the developed world have fuelled the dollar's growth. Its rise also follows
the return of investors to riskier assets, which the dollar is traditionally
regarded as, after concerns about Japan's nuclear crisis, triggered by the
earthquake and tsunami, eased.

...

He said before it began trading freely, it often traded above or around parity
against the greenback and, if you made the necessary conversions, it bought
.40 in 1900.

"We have had it pretty easy for the past 28 years with the dollar below parity.
We started to assume that was normal when quite clearly that was not the case,"
Dr Oliver said.

http://www.ytwhw.com/Forex/2011/0328/FOREX-Euro-slips-vs-dollar-Aussie-hits-29-yr-high.html

The euro eased on Monday and could fall toward mid-March lows
after a state election loss by Germany's ruling party raised doubts about the
tackling of Europe's debt crisis, while the dollar was aided by hawkish comments
from Federal Reserve officials.

The higher-yielding Australian dollar AUD, hit a 29-year peak of $1.0307,
breaking past option barriers at $1.03. The recent yen-weakening intervention
and stronger risk appetite were factors underpinning the Aussie's rise, traders
said.

Look at the chart for US Dollar Vs. Euro
here,
the US Dollar Vs. Australian dollar
here,
and Australian dollar Vs. Euro
here.

These rates can also affect the price of Australian made hang gliders in Europe and
the US.

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