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Affairs:    Aussie dollar rise: effect on exports   PM - Monday,
19 May , 2003  18:42:00  Reporter: Darcy Lambton  MARK COLVIN:
The Australian dollar is going from strength to strength against
a tumbling American greenback. Earlier today, it broke through
the 66 US cents barrier for the first time in nearly three and
half years. Local currency strategists see recent trends
continuing, which spells bad news for Australia's exporters.
Darcy Lambton reports.  DARCY LAMBTON: The Australian dollar is
proving to be an irrepressible performer on the world stage.
Along with the Euro, it's stealing the limelight from the once
buoyant American greenback.  At one point today, the Aussie
dollar fetched 66.2 US cents, marking a 40-month high, but
despite the meteoric rise, Federal Treasurer Peter Costello
isn't getting carried away.  PETER COSTEL