Not Ranked
Ruppee.....Sorry YIPPEE!!!
Dollar dazzler to hit $US1.10
* From: Sunday Herald Sun
* October 17, 2010 12:01AM
The Aussie dollar is predicted to hit $US1.10 within a month after touching parity with the US greenback on Friday.
The historic milestone was reached for only a few moments at 11.38pm Victorian time, when the Aussie touched US$1.004 before dropping back to US99.07c.
It was the first time since the early 1980s that it has been on equal terms with the US currency, but then we were on the way down, not up. Experts say the Aussie will surge back through parity and beyond, thanks to booming China and record prices for our commodities.
"I think we've hit a new trading range for the Aussie and we'll settle up near $1.10 very soon," said Shane Oliver, of AMP Capital.
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