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Foreign Exchange

Re:The Budget and the AUD

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By: sarahfrancis30
12/05/2009
7:01 pm

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  sarahfrancis30

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Re:The Budget and the AUD Reply to this message
Thanks for your reply Lastly.
I thought that as they are announcing a record deficit that it may have a negative impact upon the market's perception of the safety of the AUD, esp as we are already percieved as a risky investment.

However I supose every country in the world is in the same position as us so perhaaps our deficit won't make a diference.

I realise most of the news is out but still the announcements usually create some volatility.

Would be interested in your thoughts.

By: lasty49
12/05/2009
2:49 pm

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Re:The Budget and the AUD Reply to this message
Why do you think lower?

Personally,unless any major announcements come out, most of which have been leaked, then no surprises. We will track the US dollar.Recently the US dollar has been weak and the last 24 hours the AUD along with other major currency have given some back.
I would be more concerned on the global front rather than domestic

By: sarahfrancis30
12/05/2009
1:57 pm

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  sarahfrancis30

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The Budget and the AUD Reply to this message
Does any one have an opinion on how the AUDUSD pair will react to the budget announcement tonight?
My guess is downwards, but am only new at this.....
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