Apple 10144 Published by

In a sign of the times, a Sydney, Australia-based bank has developed a new indicator for foreign exchange movements based on Apple's iPod music player, and as an alternative to the long-standing Big Mac Index. Launched Thursday, the CommSec iPod Index is predicting a 15 percent drop in the Australia dollar against the U.S. dollar -- music to exporters' ears.

Australian Economists Create iPod Index