Driven up by strong commodities markets and high interest rates, the Aussie dollar is on a roll and is soon set to reach parity with its more famous namesake on the other side of the Pacific. Depending on your view, the surging dollar is either a great chance to grab an overseas bargain or a worrying development that will rob local companies of the chance to compete effectively abroad and could endanger employment. With the Aussie dollar riding high, more Australians are set to venture overseas where, according to Damien Hanger of Jetset and Travel World travel agents, they’ll get “more bang for their buck”. Given cheaper imports, the most pleasing aspect of the strong dollar is that it puts a handbrake on inflation, the bete noir of Treasurer Wayne Swan and the Reserve Bank. read more
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