Actually…. Nick is right. The lower the course of the australian dollar, the stronger our nation’s positions on the export market, and considering that the largest part of our economy consist of international export profits we would only benefit from this situation and would all suddenly become richer (per capita). The only thing that would go worse would be petrol prices and prices on imported goods, which in AU it means ALL phones and gadgets, basically any electronics would become unaccessible by most of the people, but on the other hand food prices would be super low.
A glitch in the Bloomberg iPhone app, as sent in by tipster Sam… [Thanks Sam!] 
Alex
Thursday, August 5, 2010 at 10:04 AMIt actually means that 1 USD buys 179.00 Aussie…
I would hate that!!!
zed
Thursday, August 5, 2010 at 11:03 PMahh…no it doesn’t…
MDolley
Thursday, August 5, 2010 at 10:12 AMAlex is right. If it were true I would cancel my US trip and cash in my US currency. A nice little profit indeed.
Jake
Thursday, August 5, 2010 at 11:05 AMFail
Ben
Thursday, August 5, 2010 at 11:40 AMSell sell sell!
eldar
Thursday, August 5, 2010 at 9:26 PMActually…. Nick is right.
The lower the course of the australian dollar, the stronger our nation’s positions on the export market, and considering that the largest part of our economy consist of international export profits we would only benefit from this situation and would all suddenly become richer (per capita). The only thing that would go worse would be petrol prices and prices on imported goods, which in AU it means ALL phones and gadgets, basically any electronics would become unaccessible by most of the people, but on the other hand food prices would be super low.