-Caveat Lector- from: http://www.aci.net/kalliste/ Click Here: <A HREF="http://www.aci.net/kalliste/">The Home Page of J. Orlin Grabbe</A> ----- Foreign Exchange Market Aussie Dollar Headed Toward US 50 cents Where is Andy Krieger when you need him? Prime Minister John Howard today said Australia should hold its nerve on the value of the Australian dollar. The prime minister said it was important to take a long-term view of the value of the dollar, and not to react to day to day movements. And he said the current value of the Australian dollar was caused by the strong US currency, rather than any weakness with in the Australian economy. "The one thing you don't do is you don't react to the level of it from day to day, you have to take a long view of the Australian dollar, you don't take a short-term view," Mr Howard told Adelaide radio 5DN. The local dollar recovered from yesterday's record low overnight, but was still well below the 54 US cent mark in early trade today. Mr Howard defended Australia's floating exchange rate. "If you have a floating exchange rate you allow it to find the level on a day to day basis that the markets suggest it ought to have," he said. "You are living through an era where everything American is fashionable with international investment, and that is resulting in our dollar falling against the American dollar - not because our dollar is weak, but because the American dollar is ultra-strong. "These things come and go." He said Australia's flexible exchange rate had helped the country sail through the Asian economic downturn. "You certainly have to hold your nerve, absolutely," he said. Sydney Morning Herald, October 5, 2000 ----- Aloha, He'Ping, Om, Shalom, Salaam. Em Hotep, Peace Be, All My Relations. Omnia Bona Bonis, Adieu, Adios, Aloha. Amen. Roads End <A HREF="http://www.ctrl.org/">www.ctrl.org</A> DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substance—not soap-boxing—please! These are sordid matters and 'conspiracy theory'—with its many half-truths, mis- directions and outright frauds—is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://peach.ease.lsoft.com/archives/ctrl.html <A HREF="http://peach.ease.lsoft.com/archives/ctrl.html">Archives of [EMAIL PROTECTED]</A> http:[EMAIL PROTECTED]/ <A HREF="http:[EMAIL PROTECTED]/">ctrl</A> ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om
