In Reply to: Rate on street posted by shay on Wednesday, 19. May 2010 at 16:08 Bali Time:
Aus $ dropped another 1.5c overnight.5% in 36hrs. With investors confident in the US$ you will see this continue , especially with the international lack of uncertainty in Aus invetments. Super tax takes its toll before it even starts. Feel sorry for those self funded retirees who took a bit hit a couple yrs back , if KRUDD keeps in power another hit around the corner. Interesting to note that in August last year the Aussie dollar was around where it is now , we were getting 8500 idr to the $ . The concern is the rapid fall .