PPRuNe Forums - View Single Post - The Ever Shrinking HKD...
View Single Post
Old 31st October 2007 | 18:10
  #16 (permalink)  
404 Titan
 
Joined: May 2002
Posts: 2,609
Likes: 0
From: Asia
An undersatnding of how the currency market works will tell you that money moves around the globe looking for a fast and high return like sheep looking for long grass. Just like the Aus dollar was at unrealistic levels about four years ago, ie US$0.47, it now is getting to unrealistic levels at US$0.90. Political changes in Australia and the US over the next 12-18 months will bring the US$ back to a more realistic level.
404 Titan is offline  
Reply