Saturday, October 16, 2010

Parity baby!

The AUD has finally done it. After months of speculation, an interesting/ intense week of watching forex and differing opinions between analysts etc, we have finally hit parity. How awesome is that? :D The last time the dollar matched the greenback dollar for dollar was in 1982 so it's been a few (long) years coming now. Ok, maybe closer to decades...

It was trading as high as $1.0006 before midnight but has since fallen back to below $1. Still great cause for celebration- people will finally get to pop the champagne they've been talking about. Parity parties everywhere- wheee!

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