Flashermac Posted October 17, 2010 Report Share Posted October 17, 2010 SYDNEY  The Australian dollar leapt to parity with the U.S. dollar Friday, reflecting the commodity-rich country's sparkling economic performance and the broad-based firestorm hitting the U.S. currency. Australia's currency, known as the Aussie, hit US$1.0003 at 8:17 a.m. in New Yorkâ€â€its highest since being freely floated in 1983. It recently traded at 99.17 U.S. cents. High local interest rates and the weak U.S. dollar have driven a 20% gain in the Aussie since June. ... Link Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.