DaveR"The Australian dollar is also down over 30% against the...

  1. 50ftCat
    2,717 Posts.
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    09/10/08
    22:38
    Post #: 4368434
    DaveR

    "The Australian dollar is also down over 30% against the Philippine Peso. Explain that???"

    Because there is nowhere near as much US speculative capital invested in the Philippines as there is (was) in Oz so there hasn't been the pressure on either their market or on their currency being exchanged for US$ being repatriated.
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    lightbulb Created with Sketch.  Great analysis
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