Wednesday, October 29, 2008

The Australian Dollar Sucks


The Australian dollar traded at 67.07 U.S. cents as of 10:23 a.m. in Sydney, a 32 percent plunge from the record high of 98.49 U.S. cents reached July 16. Australian-U.S. dollar volatility surged to touch 44.5 on Oct. 27, the highest since at least 1995, after averaging 9.6 in July.

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