Posted 11/05/2010 9:50 pm
The Australian Dollar went over par to the USD on 5th November (2010), currently $1.015.
That's after the Fed. announced that they were printing 600 billion of new money to extend over a period of three years. This has been done to make money more available for borrowing within the U.S., and to make U.S. exports relatively cheaper in overseas markets, to be more competitive, and to get people re employed in the U.S. I notice that 150,000 new jobs were created in the last report on this subject. That was considerably above what was forecast. When this announcement was made, the Dow jumped 130 points.
The Chinese currency remains pegged to the USD.
I have started to buy numismatic items from the U.S. instead of Great Britain, because they now appear more reasonably priced from the U.S. than before.
Does anybody have a chart of Canadian Vs Australian Dollar?
That's after the Fed. announced that they were printing 600 billion of new money to extend over a period of three years. This has been done to make money more available for borrowing within the U.S., and to make U.S. exports relatively cheaper in overseas markets, to be more competitive, and to get people re employed in the U.S. I notice that 150,000 new jobs were created in the last report on this subject. That was considerably above what was forecast. When this announcement was made, the Dow jumped 130 points.
The Chinese currency remains pegged to the USD.
I have started to buy numismatic items from the U.S. instead of Great Britain, because they now appear more reasonably priced from the U.S. than before.
Does anybody have a chart of Canadian Vs Australian Dollar?
