Australian Dollar
- Thread starter MTR
- Start date
good bye to cheap everything. I just got a letter from a satcom supplier saying they are whacking up prices due to lowering dollar... so it comes from surprising angles sometimes.
they reckon cars are one of the good things to get onto right now, but really any expenditure should be made now before prices rise (unless it is something local - can't think what that would be??).
they reckon cars are one of the good things to get onto right now, but really any expenditure should be made now before prices rise (unless it is something local - can't think what that would be??).
It's just great for farmers and other exporters.
See ya's
See ya's
yeh you just have to roll with it, I need to switch from importing to exporting to offset the lowering standard of living
as for tourist towns, I doubt there will be any real change. If your clients are relying on this sort of discount before trapsing all the way out here then they are probably low margin customers anyway
as for tourist towns, I doubt there will be any real change. If your clients are relying on this sort of discount before trapsing all the way out here then they are probably low margin customers anyway
I think none of the economists really know how long it will drop. A few weeks ago, they were saying that the Aussie will gain support at 95c, that didn't happen, then they changed it to 90c and now 83c.
It's good for the mining and engineering industries. Things are already starting to quieten down, hopefully, with the dollar low, new projects will kick into gear.
Apparently a dollar anywhere in the 80s actually means car manufacturers such as holden become profitable.
Hi Jake
Here is a link that may clarify
http://news.drive.com.au/drive/moto...ier-enters-administration-20130507-2j56r.html
Yep.
Also signs that the American economy is on the move, Mr Bernanke, Chair US Fed Reserve about to turn off the money printing presses, which have been running since GFC started
I was referring to this
http://www.news.com.au/business/com...actories-in-2016/story-fnda1bsz-1226648895882
http://www.news.com.au/business/com...actories-in-2016/story-fnda1bsz-1226648895882
But you will find people switching from overseas to local holidays.
I am sure there is a close link to the AUD and resident departures stats.
Attachments
Export market
If anything, the AUD might manage a small rebound as it's already taken quite a tumble. You could get hurt by shorting it when it's already fallen so much.
The time to have taken a major short position was two months ago. Ah the benefit of hindsight.
http://www.forbes.com/sites/timtrea...os-reported-to-be-shorting-the-aussie-dollar/
