Aussie dollar weakness ahead?
Jun 1st 2005, 3:38 am
#1
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Aussie dollar weakness ahead?
Last edited by Sue; Jun 8th 2005 at 1:00 pm. Reason: Article removed due to possible copyright infringement.
Jun 1st 2005, 3:42 am
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Re: Aussie dollar weakness ahead?
http://news.ft.com/cms/s/94da7732-d1...00e2511c8.html
Australia posts record current account deficit
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.
Jun 1st 2005, 5:24 am
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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.
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.
Jun 1st 2005, 7:45 pm
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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.
Jun 1st 2005, 8:36 pm
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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.
Jun 1st 2005, 9:04 pm
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Re: Aussie dollar weakness ahead?
Up trend not broken yet:
Jun 1st 2005, 9:23 pm
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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.
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.
Jun 1st 2005, 9:27 pm
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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.
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.
Last edited by Megalania; Jun 1st 2005 at 9:30 pm.
Jun 1st 2005, 9:30 pm
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Re: Aussie dollar weakness ahead?
Originally Posted by Megalania
$US?
