Thursday, February 12, 2009

Australian Dollar - one Senator in Australia’s Parliament derailed the A$42 billion stimulus package


Foreign Exchange - Australian Dollar Outlook

In a shocking development - almost as shocking as the news that the wildfires were the result of arson - one Senator in Australia’s Parliament derailed the A$42 billion stimulus package because it neglected to contain provision for the Murray-Darling River system. To be fair, this area produces half of Australia’s farm products, although the focus of the plan was more on
social spending with a little infrastructure spending.

The bill will be amended and re-introduced for a vote as soon as tomorrow.

Pounds to Australian Dollars exchange rate currently 2.1983

Bye For Now

Barbara Rockefeller
Foreign Exchange Trading
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