|
The Australian Dollar
Since hitting a low of $US0.5530 on 28 August, the AUD has recovered by over 17% to a high of $US0.6480 on 19 November. Several factors have been at work to boost the A$ against the $US over this time.
· The RBA supported the A$ in late August-early September, as documented in the Semi-annual Statement of Monetary Policy (Nov 17, 1998).
· A sharp weakening in the $US against the Japanese yen during September-October from 140 to a high of 113, settling into a 118 - 122 range.
· Foreign (hedge fund) purchases of A$ in September-October to reverse previous 'short' A$ positions.
· More recently, there have been broad-scale A$ p ....
Word count: 615 - Page count: 3
|
|
Are you sitting there thinking how much it sucks to have to write a term paper for class? If you are writing an argumentative
paper, you first you will have to come up with a topic for your thesis statement and then objections and points supporting your position.
Are you wishing you could find some help to come up with some good ideas your paper? Then you are in luck! PaperSucks.com
is here. We have over 40,000 pre-written papers in our online library to help you with your academic paper. Yes, you read that right.
Our site has 40,000 papers and growing. Best of all, our prices won't suck your wallet dry. So become a member today and get
immediate access to our site and say goodbye to the old ways to writing term papers.
| Membership Option |
Price |
Select A Payment Option |
| 30 days recurring |
$19.95 |
| 90 days recurring |
$39.95 |
| 180 days non-recurring |
$69.95 |
|
|
|
