Guest Guest5035

Rising $$ to $1.14 but 80k to go

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    People are at long last beginning to wake up to the idea that a high currency is not necessarily a good thing for the economy as a whole. A few months back the TV news was reporting the rise of the dollar as if it was something to be proud of and cheer about "isn't Australia great?". Well it's only great if you are going overseas on holiday and spending your money overseas (helping someone else's economy). It's not great if you are an exporter or in tourism or rely on overseas students. Maybe the authorities would intervene if the dollar became too strong - the Swiss did recently to prevent the Swiss franc from getting too high, and the Swiss probably know what they are doing when it comes to self-interest, banking and money.

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