Friday, October 8, 2010

Hot Right Now: The Aussie Dollar

It has been 28 years since we've seen the dollar this strong. It's time to act now and get over to the US or get your hands on the Green dosh.
And taking this week's golden streak into account, it is definitely hot right now for us: the consumer!

It seems the stockbrokers on Wall St with their power suits and hand signals are a big not right now, if the sequel to Michael Douglas’ 1987 hit film of the same name is anything to go by (the first one was great, but sorry Micko, Gordon Gekko may have been hot in 80's but he's not-so-much in the now.)

But back to sizzling hot, hitting a 28-year high overnight when it peaked at US99.18c (the highest ever since August 1982, also the year liposuction was introduced!) and landing at just over US99c at the Yanks’ market closure.

This means cheaper imports and therefore reduced prices of clothes (yay!) and tech-gadgets like TV’s and computers so we can keep ourselves and our pads looking oh-so hot right now, over the Christmas break.

It’s also hot for travellers, making it easier for us to make the most of our hard earned cash on those much deserved holidays. (We’re such work horses here at HRN/NRT!)
So guys, the Aussie dollar is very much off the richter. Hot right now: Parity. GET INTO IT!

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