The Aussie dollar is on the up ... and up
Jason Cadden
April 21, 2011 - 5:29PM
AAP
The Australian dollar is pushing the 108 US cent mark, driven by record commodity prices and investor disenchantment with the greenback.
On Thursday the currency hit 107.73, its highest level since it was floated in December 1983.
That means the Australian dollar has gained 10 US cents in just over a month, after it fell below 97.5 US cents to a four-month low on March 17 following the Japanese earthquake.
A low US dollar would help the economy by keeping exports competitive,
http://news.theage.com.au/breaking-news-national/the-aussie-dollar-is-on-the-up--and-up-20110421-1dpby.html