US dollar now 93 Australian
The fresh, floral air energizes you. The warm, tranquil waters refresh you. The breathtaking, natural beauty renews you.
Look around. There’s no place on earth like HAWAII!!!
And that is where I am going – to stay for a 10 relaxing days exploring the island and the volcanoes!
Anyway – back on topic:
With my trip to Hawaii only 26 Days away (and counting) I have been keeping a close eye on the Australian dollar to the US dollar. Yesterday, it surged to 23-year high after the Reserve Bank of Australia raised interest rates and investors interpreted its outlook as hawkish.
The central bank increased its official rate by a quarter of a percentage point to a 11-year hight of 6.75 per cent - as widely expected, to fight inflationary pressures. (And, because of it going up, it has just helped my fight in not know who to vote for- just gives me one reason to go against John Howard.)
The Australian dollar raced back above US93 cents shortly after the announcement and by late afternoon yesterday had jumped as high as US93.80 cents, its highest level in 23 years.
Anyway, good news for me and my money in regards to my trip!
Some Interesting Information - Central bank data showed that the Aussie closed at US93.93 cents on April 4, 1984