Australian Dollar Reaches Record High
12 Oct 2010
The Financial Times reported last week that the Australian dollar reached its highest level since it was introduced on foreign exchange markets in 1983.
Figures showed that the country’s strengthening economy had created more than twice as many new jobs as expected. Australian employers have recruited for 112,000 new jobs in the past two months, keeping the headline unemployment rate at 5.1 per cent or nearly half the level of the US and parts of Europe.
Anna Payne, Manager of Head Medical said:
"Australia is one of very few countries enjoying a strong economy at the moment. This is a great time to make the move there when the financial climate is so positive. Most of our candidates are interested in living in Australia because of the prosperity and variety of career and lifestyle opportunities that are currently available".
For more information on currency changes visit http://www.ft.com/markets/currencies