Election and AU$
Nov 19th 2007, 10:44 pm
#1
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Thread Starter
Joined: Aug 2005
Location: Perth (ex Oxford)
Posts: 411
Election and AU$
Are there any economists over in Oz with an idea of whether the upcoming election will have any effect on the AU$ either way?
Nov 19th 2007, 11:10 pm
#2
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Election and AU$
I doubt it. Current AUD and GBP strength/weakness (depending on what you have!) is being driven by a weak USD. Current Aus. election has no influence on this.
Last edited by Amazulu; Nov 19th 2007 at 11:15 pm.
Nov 19th 2007, 11:11 pm
#3
Where traffic lights rule
Joined: Aug 2006
Location: Brighton QLD
Posts: 2,460
Nov 19th 2007, 11:48 pm
#4
BE Forum Addict
Joined: Nov 2004
Posts: 2,584
Re: Election and AU$
If interest rates go up I would expect AUD to strengthen against GBP. The trouble is if rates go up too much then currency traders will dump the dollar as it reduces growth and damages the balance of payments. Look at what has happened to the NZ currency since Labour took power. It's gone straight down the toilet.
