AUD

Bad news that AUD is rising in value. Must prefer it closer or below parity with the AUD. One currency that I have been following closely is the Swiss Franc CHF. If you want to know your real standard of living, this is the one to compare with.

At one stage, it was used for hedging, much like gold but the Swiss government had restricted the use of its currency for that purpuse. It is not far from parity with the AUD. The CHF has been appreciating against the AUD but lately, it is moving towards parity; probably a reflection of how bad Europe is.