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Foreign Exchange

Is the Aussie dollar in trouble ?

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By: wendywen85
2 days ago (Friday, 2:33 pm)

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Re:Is the Aussie dollar in trouble ? Reply to this message
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By: wendywen85
2 days ago (Friday, 2:31 pm)

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By: athairsiochain
18/10/2009
10:14 am

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Re:Is the Aussie dollar in trouble ? Reply to this message
Kev will still keep the "Money Printing Machines" working overtime, who needs to borrow? answer those young families buying a home,they then pay the bank back with real money, money that was worked for, money invented/printed by the bank earns the bank the high profits.

By: bulldogex2002
17/10/2009
6:35 pm

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Re:Is the Aussie dollar in trouble ? Reply to this message
the dollar will be in future trouble given the excessive current account deficit

By: athairsiochain
14/10/2009
10:33 am

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Re:Is the Aussie dollar in trouble ? Reply to this message
My Aussie Master Card was useless in London, unable to get any cash from the card ended up with no money yet when I returned to Aus I still had a couple of grand on the card, what is going on, I know of another Aussie in Europe who is having trouble getting money from a Aussie Travel Money Card....

By: lasty49
9/03/2009
9:28 am

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Re:Is the Aussie dollar in trouble ? Reply to this message
Its good to see our Zimbabwean friends warning us on the roads ahead.
Afterall we helped them promote their cricket and now they assist us with our economy.
Marvellous.

By: thulanit1975
7/03/2009
6:09 pm

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Re:Is the Aussie dollar in trouble ? Reply to this message
The ausie dollars is in great trouble. in zimbabwe it started slowly like the government wants to protect their dollar from the powerful currencies, they set bank withdrawal that were not even enough for the public to commute from home to work for one month later their dollar was not even there in the banks because people were holding on to their monies hence the printing machine was turned on and things went bad for the country

By: lasty49
5/03/2009
9:46 am

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Re:Is the Aussie dollar in trouble ? Reply to this message
If the US starts to print money the value of that currency weakens therefore AUD will benefit.
In an exaggerated example have a look at Zimbabwe and the effect that has taken place when the printing press is turned on.

By: mahadevkiran
4/03/2009
10:27 pm

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  mahadevkiran

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Re:Is the Aussie dollar in trouble ? Reply to this message
I can see that our dollar is in trouble too and will be in trouble for atleast a year or so. If US starts printing money because of their stimulus packages...then AUD will weaken for some time. This will have a big impact on our foreign trade. In terms of our mortgage rates, I see them to be hovering around the same mark (maybe +/- 1.5%). Economists are still predicting that the RBA will cut the cash rate to 2.0% which could bring the mortgage rates to around 4.5-5%. Our financial institutions will not be able to pass on the full effect of the rates as their bottom level lending margins will be impacted. I would see late 2011 or mid 2012 to be the years of high mortgage rates. In terms of fixing out the mortgages better wait for another rate cut and fix it for the maximum period. That will be a good bet.

By: wgill62
12/02/2009
10:53 pm

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Re:Is the Aussie dollar in trouble ? Reply to this message
yeah our dollar is in deep trouble and by the end of 2010 yu will see home rates of 16%, its time know to fix your home loans if you want to keep your mortgage.

By: lasty49
6/02/2009
9:39 am

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Re:Is the Aussie dollar in trouble ? Reply to this message
On the contrary

If Kevin borrows they will issue Govt bonds and seek foreign investment.
Thats means demand for Aussie dollars.

By: akdoc1
5/02/2009
12:15 pm

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Re:Is the Aussie dollar in trouble ? Reply to this message
The Aussie will be ok if Kevin is stopped from borrowing and pannicing. If he does borrow big it could end up being called the 1c Assy dollar

By: lasty49
4/02/2009
9:34 am

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Re:Is the Aussie dollar in trouble ? Reply to this message
Tora Tora tora !
The Samurai bonds are back.
What does that mean? It means that AUD/JPY cross will be supported.
Normally what follows is the retail/wholesale speckies jumping on the back of this.
Interesting to see the RBA dropped only by 1 pct.More was expected.Is this nearing the end of the line for more cuts?
If so another support for the AUD.
Have we seen the AUD low for 2009?
Its a braveman who thinks we havent.
Watchout for the spike and the panic hedging.It doesnt take much.

By: lasty49
31/10/2008
12:14 pm

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Re:Is the Aussie dollar in trouble ? Reply to this message
I see someone in London from a US bank has stated that the AUD can below 40 cents.
Their justification is " we are commodity based currency and the most liquid so therefore people will trash it if commodities fall."
No wonder the UK is in mess when you are getting these types of rocket scientists graduating into the finance world.
Take a look in their own back yard and you will see foreign workers leaving in droves,financials in a mess, recession and the list goes on.
Over here we are trying to keep foreigners out, our banks are sound and we are unlikely to go into a recession.
So If the AUD/USD hits 40 cents what does that make the GBP/USD? 1.00 ? .90?

By: creaticdesign
18/10/2008
7:51 am

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By: lasty49
16/10/2008
9:46 am

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Re:Is the Aussie dollar in trouble ? Reply to this message
"Where I live in Thailand the AU$ has dropped 27%, thankfully I topped up my Thai bank account a few months ago with enough to cover my expenses for the next 12 months."

You know things are bad when we are talking about the strength of the Thai Bahts against the Aussie dollar.
So why has this happened?
Well Thailand has just gone through political unrest and riots. Australia has Kevin Rudd.
So the outside world's perception is that Kevin Rudd is worse than no PM at all.
How right they are.

By: shanu_tariq
11/10/2008
9:39 pm

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Re:Is the Aussie dollar in trouble ? Reply to this message
i feel that you see only one side of coin all the time, ask for discount and if they dont provide just dump at counter is a very rude statement, do you have any idea how shops calculate prices, i am sure not?
if you felt down in a shop you will love to make a public liability claim with a huge smile, but do you know who pays that eventually customers
do you have idea how many *** s steal stuff in shop and who pays for that ? i am sure that you live in a nut shell with ashort vision.
thanks

By: chokdee69
11/10/2008
2:54 pm

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Re:Is the Aussie dollar in trouble ? Reply to this message
Where I live in Thailand the AU$ has dropped 27%, thankfully I topped up my Thai bank account a few months ago with enough to cover my expenses for the next 12 months.

By: omniboi
11/10/2008
1:05 pm

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Re:Is the Aussie dollar in trouble ? Reply to this message
Aussie dollar is *** ked.

By: wolframtrader
8/10/2008
9:06 am

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Re:Is the Aussie dollar in trouble ? Reply to this message
the aussie is not in trouble...with the guts sucked out of the credit market, toss in a rate cut of 1%, no-one wants to play carry trade...

if the Fed and the Euro zone drop rates in the coming week/month, the aussie should bounce a little...but it never deserved to be close to parity with the US...

I guess there are some really angry people out there who booked a US / Europe trip of a lifetime earlier this year, got a great price on the airfare, and are now on the hook for accommodation and spending money...oops... ;-)

By: reallybadinvestments@rocketmail.com
7/10/2008
2:04 pm

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By: reynard2008@y7mail.com
6/10/2008
10:58 am

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Re:Is the Aussie dollar in trouble ? Reply to this message
AUD down 1.63% this morning - less than 1 hour of trading

By: jkueh
5/10/2008
4:06 pm

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Re:Is the Aussie dollar in trouble ? Reply to this message
Rudd really has a great vision. lowering the strength of AUS dollar by rate cut and deleveraging not only save the property market but giving more immigrant chance to convert their currency and buy house at a more lower price.

AUS dollar drop is good for the country.

By: leochandraliu
5/10/2008
9:27 am

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Re:Is the Aussie dollar in trouble ? Reply to this message
will the U$ depreciated cause of the 700 billion bail out.

By: lasty49
2/10/2008
3:19 pm

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Re:Is the Aussie dollar in trouble ? Reply to this message
Australia will always have a current account deficit.
Our domestic money market isnt big enough to handle domestic borrowings from corporates or mortgagees.
Our int rates will be higher than major countries because we need to attract investment to offset our foreign borrowings.
As Australians have $1 Trillion tied up in forced super mainly in shares our $600 billion foreign debt doesnt look that bad.
Figures can be distorted.
Australia going forwarded is in one of the strongest positions it has ever been.
We have just recorded our biggest trade surplus in 11 years. $1.36 billion and it isnt going to slow as our friends in China just love us.
What is slowing though is imports.
So if imports are slowing and exports are growing, the currency should appreciate.
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