Thursday, 9 October 2008
Falling Dollar
Our dollar has fallen from almost parity to the united states down to $0.65!!! The RMB was once 7 and has dropped to 4.3!! This is big bad news for travelers like myself but even worse for people migrating to other countries who will get dominated when converting their life savings. However, this is good news for the Australian economy and hopefully these rate cuts will be reflected upon grocery prices etc... Why couldn't this drop happen AFTER i came back from overseas....
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2 comments:
Lets try that again ... I cried when i first saw the falling dollar ... but now that i've been put back in my place and into perspective, maybe it's not so bad after all ?
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