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To: Chip McVickar who wrote (396)	12/4/2000 6:34:04 PM
From: Moominoid	Respond to of 12411

>You maybe right about the dollar trading lower, but I don't believe it will be anything to worry about >as it will co-inside with a global slow down? I'm not worried about it. I'm looking forward to it :) >Sure you aren't getting to much sun on those Aussi beachs. Long way to the beach up here :) >Where exactly does the Australian dollar factor into the worlds economies? Is it closer to the Canadian >and a Natural Resource global weighting, or the Asia countries. Recently we tracked the Euro very well... In the beginning of the Asiaa crisis we tracked the Sigapore Dollar and Yen well..... The upswing now started with the National Australia Bank selling a US subsidiary. This was seen as great timing by the market here. Resource prices have had little effect on the Aussie dollar recently which is what has confounded most of the commentators/forecasters. But you should think of the News Corporation as being the archetypal Aussie company now. It is the (second) biggest. Telstra is biggest but still 50% government owned. >Is Australia also moving in that direction? Current government doesn't seem to be. They are just into free markets.... David