Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Tuesday, October 4, 2011

AUD continues to fall

AUD was on a downward path all Tuesday and fell to its lowest due to concerns about global growth. It plunges to 94.6 US cents after Central bank RBA said it decided to keep the cash rate unchanged at 4.75 % but was open to lowering the cash rate if inflation eases.

AUD/MYR plunges to low of 3.0229
GBP/MYR dip to a low of 4.91 from 4.99 (within five hours).

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