At 12 month high 20/1/03 -- ERG smartcard stuff2

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Subject: At 12 month high 20/1/03

Author:
Australian Dollar.

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Date Posted: 03:15:35 01/20/03 Mon

Name: Ming
Location: Parramatta, NSW Australia
Date: 1/20/03 8:30:11 PM
Subject: Interest Rate Cut Vs Australian Economy
Comments:
The recent fly high of Australian dollar is extremely dangerous for Australian economy. The Reserve Bank will consider rate cut to help the small business, the export business and the tourism business as well as the new home families (eg the rise of petrol and foods etc are hurting many families). This is one of the monetary method to calm down the Australian dollar and it may prevent
the "buble burst" from currency trade (Australian dollar have been > 12 months high today).

I reckon the Aust dollar will continue to fall to a stable level soon.

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