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To: Thane_Banquo
Australian dollar off almost 8.6% on the day against the USD.

It's the collapse of the commodities bubble. Australia's economy is dominated by commodities as well as Russia's. I imagine Canada isn't doing too well either.

43 posted on 10/06/2008 7:55:30 AM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: Moonman62

Yeah, and on top of that Australia has some bank problems of its own with Macquarie et al.


50 posted on 10/06/2008 7:56:40 AM PDT by Thane_Banquo ("They aren't people! They're the ACLU!" - General Patton in An American Carol)
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