Australian Dollar 2019

Discussion in 'Property Market Economics' started by Karina, 2nd Jan, 2019.

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  1. marmot

    marmot Well-Known Member

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    Thats why its vitally important that we can dig up as much coal as possible and sell it overseas to keep the numbers looking good for the government
     
  2. Kangabanga

    Kangabanga Well-Known Member

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    Looks like AUD hasn't hit 65 to USD yet but getting there, probably by end of next week as trade war tensions rise and iron ore prices continue to fall back. Damn those shorting iron ore this month must have made a killing!!!

    @MTR probably a good time to start selling and bring them greenbacks downunder when we eventually hit 50+ to USD. Reckon RBA will have no choice but to go to negative rates this year if iron ore prices collapse below $60 and our economy goes down the drain... #getting there
     
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  3. MTR

    MTR Well-Known Member

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    Yes could be right
     
  4. Waterboy

    Waterboy Well-Known Member

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    In actual fact, according to an anonymous stranger, you can see it with your eyes, currently at the present time. Everyone agrees to this unanimous observation.

    So, what makes something "vitally important", while others are only "important"?


    [​IMG]
     
  5. Dean Collins

    Dean Collins Well-Known Member

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    Just finished watching the Fed meeting.

    Was interesting to hear that even with all of the negative rates EU/NZ/RBA etc....that pretty much Powell thinks this is the last rate cut for the year (though market is pricing one more).

    Slight move up by the $US in the last hour - XE: USD / AUD Currency Chart. US Dollar to Australian Dollar Rates

    Ive been watching the USA banks.....all are up in the last hour (even though they have been up the last week).

    Id suggest this might influence the RBA decision in Oct and maybe they hold off......
     
  6. MTR

    MTR Well-Known Member

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  7. Kangabanga

    Kangabanga Well-Known Member

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    Powell probably doesnt want to pander to Trump. The other reason may be the expectation of something positive from the trade talks with China. IMHO nothing will come of it and things are just gonna be delayed till next US presidential elections. Recent numbers from China side have been pretty bad though.
     
  8. Dean Collins

    Dean Collins Well-Known Member

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    The low level meetings are happening in Washington today.....so i guess we'll see in Mondays news how it went and if the high level meetings are going to happen on the second week of October........
     
  9. Waterboy

    Waterboy Well-Known Member

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  10. Kangabanga

    Kangabanga Well-Known Member

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    Just some delaying tactics by the chinese. It will be on again off again until the next american presidential elections.

    Not sure if things can hold on until then. FED has had to cut rates twice already since July and chinese side their manufacturing PMI has gone negative for more than a quarter already and their currency gone down to ~7.1 to the USD (i'd say they are struggling already)
     
  11. Redwing

    Redwing Well-Known Member

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  12. Redwing

    Redwing Well-Known Member

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    The Australian dollar against the US dollar is apparently near its lowest levels in 11 years – down 4.8% this year.
     
  13. MTR

    MTR Well-Known Member

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    I started a thread AUD 2020
    Perhaps @Simon Hampel could close this and refer to new thread
     
  14. namrata

    namrata Well-Known Member

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    Can you link the chat here??
     
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  15. Waterboy

    Waterboy Well-Known Member

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    Australia has only 0.5% left to cut (although the RBA mentioned 0.25% would be the bottom, followed by QE).

    USA has 1.50% left. If the US Fed cuts more than the RBA, the interest differential will definitely narrow down, and make USD less attractive. =higher AUD
     
  16. Redwing

    Redwing Well-Known Member

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  17. C-mac

    C-mac Well-Known Member

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    Wow the AUD is flying! I didn't expect this following the Biden win and a myriad other vectors for both global and local economic influences.
     
  18. Robert Chatsworth

    Robert Chatsworth Well-Known Member

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    [​IMG]

    It appears to be on the back of Iron Ore.

    And the Chinese is furious. At least they can't accuse us of dumping.

    Hope it doubles from here.
     
  19. willair

    willair Well-Known Member Premium Member

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    Looking back March 2013 it was floating above one dollar ,now it's tracking 0-75 cents and with the way the numbers are climbing each day with covid death's in the US some currency traders may look for the safe haven in the Australian dollar once the 80 cent barrier is broken..imho..
     
  20. Redwing

    Redwing Well-Known Member

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