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4th October 2011, 01:20 PM
#11
The dollar to the US$ has dropped a couple more cents due to commodity prices dropping (which we are pegged to) and issues in Europe. It's expected to climb again (some say as high as $1.20-1.30) as resource prices trend back up with developing economies driving global growth, but could fall to about 90c first.
But 90c is still a good rate, compared to the last couple of decades, so I wouldn't be too upset about it dropping from its recent peak of $1.10.
Last edited by griffin; 4th October 2011 at 01:49 PM.
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