Australian Dollar 2019

I'd love to see the Aussie back down to 60-70 yen value. Tourism from Japan would sky rocket! Jetstar stocks would soar! haha.

 

For me its gravy
Every $1000 USD i make around $1700 AUD

Might be time to sell a few US properties??? Tempting

 

The low AUD is a blessing for it allows the Government to cut taxes!

 

That would be insane.......if that happens im selling my NY PPOR/cashing out investments and 401k and moving home

 

It makes sense to do this, its like winning lotto

 

I think it will hit the low 60's in USD next year. 70c was the support for a while till it broke through. 62c was the bottom it hit during GFC.

 

Interesting. I think there was a time where aud hit 55

 

Went as low as 48 and low 50s most of 2001. IIRC was during the dotcom tech crash. Not sure why aud went that low, it wasn't really affected much during the Asian financial crisis in 1997.

 

So interesting, and when we had mother of all mining booms I think it was $1.10. 2011/12??

 

Normally its large downward movements in interest rates that pulls the county out of trouble, at least movement's around 200 points, but to really do the job it can be around 300-400 pts.
Unfortunately from 2012 to present, the big interest rate movement's did not go to plan .

Or put a fire cracker under real estate like Howard and Costello.
Unfortunately today that causes more problems than it solves, with very low wage growth and very high debt levels.

 

This is all due to the RBA move to cut down the rates and also the Trade War between USA & China.

 

It was in the low 50's early 2000's but our economy has developed since then. We are the largest exporter of gas now. Iron ore is a big export too. Should make our dollar stronger than before.

 

We are close to a mining boom now with iron ore prices being high yet it doesn't feel like it.

 

Iron ore prices are booming now, but may be about to fall back, analysts say

 

Down 23% in the last 9 days! Still high especially given the low AUD.

 

There was the peak of just under $1.11 in July 2011

 

Low of 47.7 in April 2001

 

Wow, must have been a recession

 

Still crashing. Iron ore bubble has burst. Matter of time but Vale supply will come online sooner or later and Chinese demand was going to drop at some point.

Might see 65 to the usd this weekend, if not next week the way things are going..

 

Vale is already back online - back to pre-dam issue numbers for July exports to China and iron ore price has dropped back to ‘regular’ prices.