Just a quick shout out to our Australian members:

If you’ve ever considered sourcing products from overseas, particularly from the USA or other countries that accept US dollars, the Australian Dollar is currently performing extremely well against the greenback.

As indicated in the foreign exchange graphs below 1AUD is seen to have breached the 0.90USD rate, meaning cheaper import products for Australian buyers.

Check out the hourly ozforex charts here.

You can change the time period option to 1 year and clearly see that the this is the strongest the Aussie dollar has been in the past year.

Add to this the eagerness of China and Hong Kong manufacturers to trade (many factories there have experienced a slump in the past 1 1/2 years on account of the global financial crisis, putting several organizations in a position of desperation) there’s been no better time than now to trade with companies in those regions.

Just something to think about. It might give you a chance to revisit sources that were previously deemed ‘too expensive’.

Good trading to you.