This is a spinoff of Seven’s Loonie/U.S. dollar parity thread. Except for a 6.3% drop in 2005, the Aussie has been coming on nicely since 2001, when it ended the year at 51.05 U.S. cents. The currency is changing hands at 91.89 U.S. cents in London as of this posting, heading for parity for the first time since July 28, 1982*, according to Bloomberg. Any guesses as to whether or when parity may arrive?
*Survivor’s “Eye of the Tiger” was at the top of Billboard’s Hot 100 chart after dethroning the Human League’s “Don’t You Want Me,” E.T. was the year’s top-grossing movie, and **Hugh Grant ** and **Angelina Jolie ** made their film debuts, Wikipedia says.
And then the “U.S. Dollar - Indian rupee parity thread.”
(But I shouldn’t laugh: at the moment I’m accumulating assets valued in US dollars, which I will need to convert into Australian dollars in a few years time.)
I don’t think it will happen soon, unless the US does something spectacularly-stupid.
Just for the record, though, I’ll say, “July 15, 2008.”
And the Canadian dollar hit $1.07 US today, but I suspect that a lot of that was an abniormal rise in the Canadian dollar, not a fall in the US dollar.