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Aussie dollar weakness ahead?

Aussie dollar weakness ahead?

Old Jun 1st 2005, 3:38 am
  #1  
Don
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Default Aussie dollar weakness ahead?

http://news.ft.com/cms/s/ee48ca04-d2...00e2511c8.html

Last edited by Sue; Jun 8th 2005 at 1:00 pm. Reason: Article removed due to possible copyright infringement.
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Old Jun 1st 2005, 3:42 am
  #2  
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Default Re: Aussie dollar weakness ahead?

http://news.ft.com/cms/s/94da7732-d1...00e2511c8.html

Australia posts record current account deficit

Last edited by Sue; Jun 8th 2005 at 12:59 pm. Reason: Article removed due to possible copyright infringement.
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Old Jun 1st 2005, 5:24 am
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Default Re: Aussie dollar weakness ahead?

What needs to happen is for consumers to cut back spending on imported flummeries, start saving and paying off debt, businesses to invest in increasing labour productivity. Already happening in part.

Work place reforms will head off labour unrest likely with relatively low unemployment. Elimination of the super surcharge and increasing the tax thresholds will encourage household savings and positively geared investment. Increased interest rates have halted housing speculation and further interest rate increases would encourage debt reduction and curb spending cutting the current account and trade deficits.

The dollar floats, depends on demand for Aus exports and interest rates and is largely dictated by foreigners.
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Old Jun 1st 2005, 7:45 pm
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Default Re: Aussie dollar weakness ahead?

The Australian dollar fell 0.7 per cent to a seven-month low of $0.7501 after first quarter economic growth came in at a disappointing 0.7 per cent.
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Old Jun 1st 2005, 8:36 pm
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Default Re: Aussie dollar weakness ahead?

Originally Posted by Don
The Australian dollar fell 0.7 per cent to a seven-month low of $0.7501 after first quarter economic growth came in at a disappointing 0.7 per cent.
Ripper - exports worth more, imports more costly in $A.
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Old Jun 1st 2005, 9:04 pm
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Default Re: Aussie dollar weakness ahead?

Up trend not broken yet:
Attached Thumbnails Aussie dollar weakness ahead?-audusd.gif  
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Old Jun 1st 2005, 9:23 pm
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Default Re: Aussie dollar weakness ahead?

Is there another currency/economy so prone to wild swings and scary headlines :scared:

Just 2 Examples below but you notice conflicting reports almost weekly.

Three days ago interest rates were supposed to be 9% result of which would be a very strong dollar, two days later the dollar is going limp.

4 hours after the BIS shrapnel report saying 9% interest rates there was another report saying rates were unlike to rise given current figures released on housing and defecit

Pinning the tail on the donkey would be more predictable than planning your economic future in OZ.
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Old Jun 1st 2005, 9:27 pm
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Default Re: Aussie dollar weakness ahead?

Originally Posted by jad n rich
Is there another currency/economy so prone to wild swings and scary headlines :scared:

Just 2 Examples below but you notice conflicting reports almost weekly.

Three days ago interest rates were supposed to be 9% result of which would be a very strong dollar, two days later the dollar is going limp.

4 hours after the BIS shrapnel report saying 9% interest rates there was another report saying rates were unlike to rise given current figures released on housing and defecit

Pinning the tail on the donkey would be more predictable than planning your economic future in OZ.
$US?
Attached Thumbnails Aussie dollar weakness ahead?-us-index.jpg  

Last edited by Megalania; Jun 1st 2005 at 9:30 pm.
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Old Jun 1st 2005, 9:30 pm
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Default Re: Aussie dollar weakness ahead?

Originally Posted by Megalania
$US?
Argentina
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