Global Currency Wars

Discussion in 'Property Market Economics' started by Tekoz, 16th Mar, 2016.

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  1. MarkB

    MarkB Well-Known Member

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    As Greg McKenna (ex Head of Currency Strategy for NAB) put it today -

    Greg McKennaVerified account‏@gregorymckenna 13h13 hours ago
    The Aussie dollar is bid, well above 76 cents, and there is nothing the #RBA can do about it thanks to #Fed chair Yellen

    BB ‏@evrika123 13h13 hours ago
    @gregorymckenna RBA can cut rates

    Greg McKenna ‏@gregorymckenna 12h12 hours ago Sydney, New South Wales
    @evrika123 of course - the Aussie will fall and then recover...just like teh Kiwi When its about the US dollar its about the US dollar

    Which in summary boils down to this -- the RBA will sit. There are much bigger forces at work here than those within the influence of a pissant central bank (which is what the RBA is next to the big boys).
     
    MarkB, 30th Mar, 2016
    #21
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  2. radson

    radson Well-Known Member

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    It's indeed cute thinking the Australia has an influence on the AUD rate when the US economy is around 17 times bigger than our own and the USD comprises close to 90% of all currency trades.
     
    radson, 30th Mar, 2016
    #22
  3. Azazel

    Azazel Well-Known Member

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    Yeah, back over 76c again.
    Wonder which way it's going.
     
    Azazel, 30th Mar, 2016
    #23
  4. Speede

    Speede Well-Known Member

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    AUD heading north.
     
    Speede, 30th Mar, 2016
    #24
  5. barnes

    barnes Well-Known Member

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    RBA had it's chance they should have cut in October and November of last year. Now it's too late. It will help the recession. :(
     
    barnes, 30th Mar, 2016
    #25
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  6. Ted Varrick

    Ted Varrick Well-Known Member

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    There's a bunch of self funded retirees who probably wouldn't be a fan of that, and would prefer that the RBA hike by a few per cent...
     
    Ted Varrick, 3rd Apr, 2016
    #26
  7. barnes

    barnes Well-Known Member

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    I'm a sort of self funded retiree myself and I don't mind it falling to zero.
     
    barnes, 3rd Apr, 2016
    #27
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