Friday, 20 May 2011

Australian and Canadian dollar become more valuable than American dollar

Now dollar means not just American dollar. It may be Australian or Canadian Dollar.
In past American dollar always valued much higher than Australian or Canadian dollar.
But now time changed. In these days other dollars are on record high against American dollar. Monetary policies of US are much softer than Canada or Europe. Economy of Australia is performing very well. It has very low unemployment rate comparable to America. Increased value of Australian dollar also show traders s confidence in Australian dollar.