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Aussie dollar soars to fresh record


ozpharlap

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Not a surprise.

The US Dollar was downgraded due to the large debt load that the US gov now has.

 

Hello....you can not print trillions of dollars out of thin air and not have negative results!

 

Expect the US dollar to really go down in June when the QE2 ends, unless they start up the presses and print more $$$ out of air and also raise interest rates.

 

Agreed, and that is largely what the financial talking heads here are attributing it to, but there is real pain for our exporters when our dollar strengthens like this. God help us all of the US goes into hyper-inflation like Germany in the 20s.

 

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