what happened to Australian dollar two years ago??

what happened to Australian dollar two years ago at 2008 ?????? it was not the recession etc,,,,

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  • SDD
    Lv 7
    1 decade ago
    Favorite Answer

    The Reserve Bank of Australia cut interest rates significantly. You'll notice the differential between rates in Australia and in the US or Japan is much wider today. And the A$ is much stronger again.

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