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.
posted on 10/06/2008 7:55:30 AM PDT
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
Yeah, and on top of that Australia has some bank problems of its own with Macquarie et al.
posted on 10/06/2008 7:56:40 AM PDT
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