Australian Dollar Falls - Petrol Prices to go Up

Fri, 31/03/2006 - 09:01

Petrol prices are tipped to return to $1.30 a litre as the Australian dollar loses value as a result of the rising US interest rates. The Aussie has LOST about 3 cents in a little over a fortnight. Watch out for all imported goods to rise too... on the flip side exporters are celebrating, particularly those in the mining sector. Oil is currently around $66 a barrel, it was around $58 a barrel just a few weeks ago.

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