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Old January 15th, 2004, 01:31 AM
Tony Bailey
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Default AUD exchange rate?

"maxi" wrote in message
...
easy: as soon as the intrest rates in the USA will start to rise the aud
will go down.


Except for the small matter that the current US budget deficit - USD 500
Billion means that the US needs to raise that amount on the world markets
and will (according to an item on the '7.30 Report' the other night)
actually push UP interest rates outside the US.

Buddy, can you spare a dime?

George, can you spare a few billion?

--
Tony Bailey
Mercury Travel Books