Doom and Gloom!

A follow-up to the previous post about the plunging Australian Dollar.

Looks like many investors are abandoning the carry-trade as part of an “extreme risk aversion” manoeuvre.

Currently, the AUD stands at:

0.68 against the USD, 68.8 against the JPY and 2.4 against the MYR.

Now funding my hobbies is really going to be difficult !

The forecast of lower interest rates for the next few months is going to hit my source of finance too.

Arrrrrrggh….Doom and Gloom !

(Not so) Cheerio.


~ by shybeg122 on October 8, 2008.

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