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Article: Winners grinners as $A soars.
- Article from:
- Australasian Business Intelligence
- Article date:
- October 11, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Philip Baker and Khia Mercer
Oct 11, 2009 (The Australian Financial Review - ABIX via COMTEX) -- The Australian dollar reached a 14-month high in the week ended 9 October 2009, as it rallied above the $US0.90 level. The stronger currency will be a boon to retailers, while their customers will also benefit from the lower cost of imported goods. However, companies that derive a significant part of their revenue from overseas will be hard hit by the rising currency.
Publication Date: 12 October 2009
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