http://www.news.com.au/business/story/0 ... 62,00.html
Premise of the article is that Australian Currency will be level with US dollar in 6-12 months. At that point they believe it is 30% overvalued.
So once the balances are bought into play. What was once 1.03 will slowly decline into 0.70c again.
So what this means is the next 6-12 months look good for depositing, bad for withdrawls. Good for imports, and travel (WSOP?) bad for our exports and trade as well.
Brett
Time to deposit and start winning everyone.
- Brett Kay
- Posts: 3762
- Joined: Wed Oct 17, 2007 5:09 pm
- State: WA
- 888PL Name: Kodakai
- Location: Middle of WA.
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Time to deposit and start winning everyone.
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