Australia's Rock-Music Wager
SYDNEY -- Australian entertainment promoters are gambling big this year with the largest lineup of major musical acts seen in decades. But it is more than just the Southern Hemisphere's warmer weather that has lured a long line of top British and U.S. acts down under. The Australian dollar also is singing the right tune. The Australian currency has risen by close to 10% to average around 76 U.S. cents in recent weeks from a low in March of just above 70 U.S. cents. Concert promoters say the strong local currency allows big-name foreign acts to charge ticket prices low ...
