‘Aussie’ evens up with dollar

Qantas Airways may be among the few Australian companies to celebrate after the nation’s currency strengthened to parity with the U.S. dollar, making planes and fuel cheaper while exporters’ profits drop.

SYDNEY – Qantas Airways may be among the few Australian companies to celebrate after the nation’s currency strengthened to parity with the U.S. dollar, making planes and fuel cheaper while exporters’ profits drop. Greater buying power for fuel and new aircraft is buoying the carrier while the strength of the so-called “Aussie” dollar makes Foster’s Group’s wine exports more expensive and cuts the repatriated value of overseas sales.