Report: METALLICA's Australian Tour Shelved Due To Aussie Dollar Plunge

December 6, 2008

According to Reuters, negotiations over an Australian tour by METALLICA have been shelved due to a dramatic slump in the value of the Australian dollar.

After hitting a 25-year high of 98.49 U.S. cents in mid-July, the Aussie ended the week at about 65 cents.

That's "causing quite a lot of problems for all promoters in Australia," says Vivian Lees, co-promoter of touring festival Big Day Out, which will travel to five Australian cities as well as the Auckland, New Zealand, between January 16 and February 1. "Such a rapid decline has meant everyone has been caught."

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