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Australian Dollar

Discussion in 'Property Market Economics' started by MTR, 6th Jul, 2015.

  1. MTR

    MTR Well-Known Member Premium Member

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    Interesting, Aussie $ hit all time low of 75 today, RBA will be happy with this.



    MTR
     
  2. Redwing

    Redwing Well-Known Member

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    All time low?
     
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  3. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Do you know what an all time low means?
     
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  4. D.T.

    D.T. Adelaide Property Manager Business Member

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    You know it was 50c just a few years ago right?
     
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  5. MTR

    MTR Well-Known Member Premium Member

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    oops, last time it hit 75 was over 5 years ago

    NIce:)
     
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  6. Coota9

    Coota9 Well-Known Member Premium Member

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    image.jpg
     
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  7. MTR

    MTR Well-Known Member Premium Member

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  8. willair

    willair Well-Known Member Premium Member

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  9. MarkB

    MarkB Some guy on the internet Premium Member

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    There is always a "flight to safety" (somewhat ironically, the "safe" option is the USD) during uncertain times.
     
  10. Tillie

    Tillie Well-Known Member

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    Interesting why gold price has not received a massive boost. Normally together with USD gold is seen as a safe haven in uncertain times.
     
  11. radson

    radson Well-Known Member

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    Aren't 'times' always uncertain? Gold did rocket when Russia invaded Afghanistan and then with inflationary fears after the US QE but certainly has done nothing with Russia vs. Ukraine/Crimea, Ebola, Greece, MERS etc, etc
     
  12. Tillie

    Tillie Well-Known Member

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    Of course times are always uncertain, but 'investment World' looks like to be spooked by China and Greece. Normally when investors get spooked investments flows to USD and gold. Even during GFC funds were flowing to gold and gold mining stocks.
     
  13. radson

    radson Well-Known Member

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    I agree with Mark B. Liker DT says, when the GFC really hit everyone leapt to the USD and the AUD plummeted in comparison even though it was the American subprime crisis. The Gold price hit a speculative bubble nominally based on QE inflationary fears... bursting 3 years later at end of 2011 and has retreated ever since.
     
  14. Investig8

    Investig8 Well-Known Member

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    Not the all time low, I was paying 53c thereabouts in 2004/05 when traveling to the states on business, bloody expensive trips they were.
     
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  15. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide Business Member

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    Great for anyone with US investments :)
     
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  16. paulF

    paulF Well-Known Member

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    +1. Also for investors with ability to borrow in USD from overseas and use locally.
    i believe It's got a long way to go own to the AUD due to our economy adjusting post mining boom...
     
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  17. MTR

    MTR Well-Known Member Premium Member

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    I referred to last 5 years..... But wow 53, that would make my day, but I don't believ it will go down anywhere close to this anytime soon

    MTR
     
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  18. MTR

    MTR Well-Known Member Premium Member

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    200

    Wrong, Au$ was around 1.00-1.10 - 2012, I was buying in US during this period. I have posted on SS with updates on Au$ over the last 2 years.

    50 many moons ago, hehe, I've been keeping my eye on it, obviously you have not.


    MTR

    :p
     
    Last edited: 7th Jul, 2015
  19. MTR

    MTR Well-Known Member Premium Member

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    Wrong

    2008 GFC - around Au$ 68

    50 in recent times a nonsense, in fact we are talking around year 2002-2004

    2010 onwards Au$ - 1.00 and continued to soar

    MTR:)
     
    Last edited: 8th Jul, 2015
  20. MTR

    MTR Well-Known Member Premium Member

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    An update, Au$ trending down, 72 was what RBA was forecasting, looks like it may happen very soon




    Australian Dollar:
    The Australian dollar plunged through 0.7450 on Tuesday touching overnight lows of 0.7397. The Aussie has suffered a remarkable and dramatic sell off since breaking lower late Friday as global uncertainty and tumbling commodity prices force investors toward haven assets. Copper fell to 6 year lows while nickel and iron ore tumbled and oil prices plunged a further 4% on Tuesday as concerns over Chinese equities and a rout on the stock market dampened global demand expectations. Throw in the ever unfolding Greek credit crisis and market appetite for risk is all but evaporated. The RBA offered little support as markets largely ignored the central bank’s decision to maintain the current monetary policy stance having priced in the pronouncement. Attentions will again turn offshore for direction with little available on the domestic economic docket. Having broken key technical supports the Aussie is poised to enter a deeper bearish trend with new lows ranging toward 0.72.


    MTR:)
     
    Last edited by a moderator: 8th Jul, 2015
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