Aussie $ linked to ????
#1
Aussie $ linked to ????
Just wondering what other currency(ies) the Aussie Dollar is linked to in the world. I think someone told me it got stronger the weaker the US $ but can`t remember.
#2
Banned
Joined: Jul 2003
Posts: 1,048
Re: Aussie $ linked to ????
Originally Posted by Stormz
Just wondering what other currency(ies) the Aussie Dollar is linked to in the world. I think someone told me it got stronger the weaker the US $ but can`t remember.
#3
Guest
Posts: n/a
Re: Aussie $ linked to ????
Originally Posted by Stormz
Just wondering what other currency(ies) the Aussie Dollar is linked to in the world. I think someone told me it got stronger the weaker the US $ but can`t remember.
They are more linked to interest rates than anything else. eg: If Australian interest rates go up, more foreign currencies will come into Australia making the AUD worth more in relation to the other countries currencies.
There are other factors, but I think this is one of the main ones.
#4
Joined: Aug 2003
Posts: 11,149
Re: Aussie $ linked to ????
Originally Posted by Stormz
Just wondering what other currency(ies) the Aussie Dollar is linked to in the world. I think someone told me it got stronger the weaker the US $ but can`t remember.
USD is plunging due to Bush's profligacy and inability to realise the damage his spending is doing to the US and potentially the world economy.