Discussion in 'Other Asset Classes' started by MTR, 5th Feb, 2020.
Its taking a beating
Australian dollar nears 10-year low - Shepparton News
Looks like interest rates are getting cut and the AUD will hit low 60s if the US has no change.
From a TA standpoint If I was trading would be long at 67.1 with a partial TP target of 70 and a longer target of 72.
So would be betting that the US decreases rates.
And if trading t bonds I would be targeting a rate of 1.2% on the short side.
10 year low and seems we are in a slowing economy as well, very little exports to the rest of the world...
Yeah you might be right this year
Im rooting for AUD to drop, enhance that gold price for Oz goldies.
All time 11 year low
Australian dlr dives to near 11-year low as jobs data disappoint
If February's job losses end up being around the 50-60,000 as the full effects from coronavirus hit home our aussie might even get junk status.
New low, I am calling 60 this year
Travel in Oz and support our local businesses
Australian dollar tumbles to fresh decade low
The second time you've posted this two week old article.
Again a more up to date article with essentially the same information.
Coronavirus fears push Australian dollar to 11-year low
Mmm... ok so its dropped again, its heading in the right direction
The right direction for somebody who has income in USD and for companies wishing to sell overseas, the wrong direction for the majority of Australians who wish to travel.
With everything that is happening corona etc may be a good idea to travel within oz and support our local businesses
We will be travelling within Australia this year as I imagine the majority of Aus. travellers would, I can't see that the USD/AUD exchange rate would have any effect.
? Its massive effect USD vs AUD
200000 USD to AUD | Convert US Dollars to Australian Dollars | XE
I'm referring to travel by Australians within Australia.
The price of imports (petrol for instance) would rise.
That may be what happens in in a high school text book but not necessarily in the multi faceted real world economy( petrol for instance).
Amongst other other considerations supply and demand needs to be considered.
Petrol price cycles
The chart below shows daily average regular unleaded petrol prices in Melbourne over the past 45 days.
Agreed, supply and demand.
The price paid by the person selling to you will influence the supply price. Other things will influence.
In the short term petrol goes through cycles. The cycles vary in intensity and frequency across capitals in the short term. In the long term a lot of things influence petrol prices, exchange rate is one of those things.
Oil is tanking (sic) so petrol should remain same or similar price as AUD drops in sync.
We are an export nation so lower AUD the better, right now especially as farmers recover from drought, fire and floods.
Mining will boost as well.
Happy to travel Australia for the time being. OS travel can wait till AUD is strong again.
Oil was a bad example, it's obviously quite volatile.
But pressure will be put on prices of imported manufactured goods, especially as corinavirus appears to be putting pressure on supply chains. That SUV I need to buy to haul my caravan around Australia may well go up in price (depending on other factors of course).
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