Oz. $ is on a roll.
Jul 7th 2003, 1:42 pm
#1
Guest
Posts: n/a
Oz. $ is on a roll.
Ozzie. dollar closed at 68.06 US cents on Friday.
According to report, the Australian economy continues to enjoy the kind of healthy growth that other economies can only dream about.
Average growth per year since 1996 has been 4%, and the Australian economy is expected to outpace the economies of the U.S. Eurozone, and UK. this year and next.
That means a strong likelihood of further gains for the Aussie dollar in the next 12 to 18 months.
Little wonder foreign investors are flocking to Oz. in search of bigger returns.
The downside..(isn't there always one) the biggest impediment to Australia's strong growth trend is the country's crippling drought - the worst in a century.
Agriculture and Resource economics recently downgraded the country's commodity export earnings. That would be a 29% drop in farm production this year, which could in turn, strip a full 1% off the country's economic growth.
According to report, the Australian economy continues to enjoy the kind of healthy growth that other economies can only dream about.
Average growth per year since 1996 has been 4%, and the Australian economy is expected to outpace the economies of the U.S. Eurozone, and UK. this year and next.
That means a strong likelihood of further gains for the Aussie dollar in the next 12 to 18 months.
Little wonder foreign investors are flocking to Oz. in search of bigger returns.
The downside..(isn't there always one) the biggest impediment to Australia's strong growth trend is the country's crippling drought - the worst in a century.
Agriculture and Resource economics recently downgraded the country's commodity export earnings. That would be a 29% drop in farm production this year, which could in turn, strip a full 1% off the country's economic growth.
Jul 7th 2003, 1:47 pm
#2
Banned
Joined: Aug 2002
Location: Perth Arse end of the planet
Posts: 7,037
Re: Oz. $ is on a roll.
Originally posted by Keelie
Ozzie. dollar closed at 68.06 US cents on Friday.
Agriculture and Resource economics recently downgraded the country's commodity export earnings. That would be a 29% drop in farm production this year, which could in turn, strip a full 1% off the country's economic growth.
Ozzie. dollar closed at 68.06 US cents on Friday.
Agriculture and Resource economics recently downgraded the country's commodity export earnings. That would be a 29% drop in farm production this year, which could in turn, strip a full 1% off the country's economic growth.
Jul 7th 2003, 2:23 pm
#3
Guest
Posts: n/a
Re: Oz. $ is on a roll.
Originally posted by pommie bastard
The rubber dollar has its upside I still dream of getting the 2-1 to a pound that bought me here , looks like my boat may come in.
The rubber dollar has its upside I still dream of getting the 2-1 to a pound that bought me here , looks like my boat may come in.
Jul 7th 2003, 2:26 pm
#4
Banned
Joined: Aug 2002
Location: Perth Arse end of the planet
Posts: 7,037
Re: Oz. $ is on a roll.
Originally posted by The Tooth Fairy
How much would it cost for you to put off your departure so we can get the $A back down again?
How much would it cost for you to put off your departure so we can get the $A back down again?
Whats down for you is up for me , look I will not enjoy the fact even right now I am 25% down on the rate I bought in at , so its still has to get off it arse for me.
Jul 7th 2003, 10:21 pm
#6
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Drown. Little bastard will probably come up for air again soon.
Jul 7th 2003, 10:23 pm
#7
Forum Regular
Joined: Jun 2003
Posts: 206
Re: Oz. $ is on a roll.
Originally posted by pommie bastard
Whats down for you is up for me , look I will not enjoy the fact even right now I am 25% down on the rate I bought in at , so its still has to get off it arse for me.
Whats down for you is up for me , look I will not enjoy the fact even right now I am 25% down on the rate I bought in at , so its still has to get off it arse for me.
Jul 7th 2003, 10:37 pm
#8
Forum Regular
Joined: Sep 2002
Posts: 46
Whos value the dollar rise???
I find it a bit over the top of how the media over here goes over board about the bouncing dollar.Having had a look at the forex charts from jan 03 the dollar has only risen about five or six pence to the pound(hardly anything to shout about)Meanwhile GPD was 2.86 in Jan 03 and is now 2.44.Thats what i call a fall......Just goes to show how the Aus dollar is valued as weak against the majors.The rise is really hurting exportors over here and it wont be to long before the money men pull ouy of the Aus dollar and it will plummet.........I Prey
Jul 7th 2003, 10:41 pm
#9
BE Enthusiast
Joined: Jan 2003
Location: Dossing with the inlaws
Posts: 302
Re: Whos value the dollar rise???
Originally posted by Tez
I find it a bit over the top of how the media over here goes over board about the bouncing dollar.Having had a look at the forex charts from jan 03 the dollar has only risen about five or six pence to the pound(hardly anything to shout about)Meanwhile GPD was 2.86 in Jan 03 and is now 2.44.Thats what i call a fall......Just goes to show how the Aus dollar is valued as weak against the majors.The rise is really hurting exportors over here and it wont be to long before the money men pull ouy of the Aus dollar and it will plummet.........I Prey
I find it a bit over the top of how the media over here goes over board about the bouncing dollar.Having had a look at the forex charts from jan 03 the dollar has only risen about five or six pence to the pound(hardly anything to shout about)Meanwhile GPD was 2.86 in Jan 03 and is now 2.44.Thats what i call a fall......Just goes to show how the Aus dollar is valued as weak against the majors.The rise is really hurting exportors over here and it wont be to long before the money men pull ouy of the Aus dollar and it will plummet.........I Prey
T'is indeed rubber..... bounced again today. Will you pray for a swing or prey on the investors who may lose out? or both!
Jul 7th 2003, 11:19 pm
#10
Guest
Posts: n/a
Re: Whos value the dollar rise???
Originally posted by Tez
I find it a bit over the top of how the media over here goes over board about the bouncing dollar.Having had a look at the forex charts from jan 03 the dollar has only risen about five or six pence to the pound(hardly anything to shout about)Meanwhile GPD was 2.86 in Jan 03 and is now 2.44.Thats what i call a fall......Just goes to show how the Aus dollar is valued as weak against the majors.The rise is really hurting exportors over here and it wont be to long before the money men pull ouy of the Aus dollar and it will plummet.........I Prey
I find it a bit over the top of how the media over here goes over board about the bouncing dollar.Having had a look at the forex charts from jan 03 the dollar has only risen about five or six pence to the pound(hardly anything to shout about)Meanwhile GPD was 2.86 in Jan 03 and is now 2.44.Thats what i call a fall......Just goes to show how the Aus dollar is valued as weak against the majors.The rise is really hurting exportors over here and it wont be to long before the money men pull ouy of the Aus dollar and it will plummet.........I Prey
$US / GBP: 2003 Jan 3, 1.60; 2003 Jul 7, 1.65. 1.60 / 1.65 = 0.970
$AU / GBP: 3002 Jan 3, 2.86; 2003 Jul 7, 2.44. 2.86 / 2.44 = 1.172
The $US has weakened by 3% against the Pound.
The Pound has weakened by 17% against the $AU.
Jul 8th 2003, 4:10 am
#11
Sydneysider and lovin it!
Joined: Nov 2002
Location: Sydney - Eastern Subs
Posts: 225
Re: Whos value the dollar rise???
Whats up with the old dollar now!
Halwood are indicating $2.48ish and up to $2.49. A strong bounce for the £! Any ideas? With a review of interest rates due on thursday I fnd this odd?
Dinky
Halwood are indicating $2.48ish and up to $2.49. A strong bounce for the £! Any ideas? With a review of interest rates due on thursday I fnd this odd?
Dinky
