good luck to you, too , Skarpi

here in OZ we have had a huge overnight drop in our currency value against the $USD - why it seem only yesterday I was crowing that the $AUD & $USD were almost equal ($USD100 = $AUD105 & a few cents!) As I was crowing to Dick about my purchases from Camsco he had to remind me he was buying overseas CDs & spending more $USD! oops, I said.

Recession fears grow as global markets plunge The Australian dollar lost almost five US cents overnight dropping below 70 US cents. But its picked up in morning trade and is now buying around 72.6 US cents.
The dollar also dropped against our other major competitors on expectations the Reserve Bank will cut interest rates. It is buying 0.5360 euro, 74.01 Japanese yen, 41.56 pence sterling and $1.13 New Zealand.

sandra