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A$ 0.6956 US$ and sinking (Read 732 times)
Laugh till you cry
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A$ 0.6956 US$ and sinking
May 14th, 2019 at 12:50pm
 
The Trump trade war is affecting Australia.

China may single out Australia as a follower of US policy and inflict more harm by stifling resource purchases.
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Laugh till you cry
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Re: A$ 0.6956 US$ and sinking
Reply #1 - May 15th, 2019 at 11:39am
 
A$ still downwardly mobile US$ 0.6932.

The fan and the feces have entered the ring.
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cods
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Re: A$ 0.6956 US$ and sinking
Reply #2 - May 15th, 2019 at 11:45am
 
and this makes you so happy.??...

the Chinese may be looking for a new buddy as well..

gotta keep those machines turning after all....

we could be in a "you scratch my back I will scratch yours" situation... Wink Wink
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Re: A$ 0.6956 US$ and sinking
Reply #3 - May 15th, 2019 at 11:58am
 
Given we're talking trade, a lower AUD is generally better for us - our exports are cheaper to buy, and imports more expensive.
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Laugh till you cry
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Re: A$ 0.6956 US$ and sinking
Reply #4 - May 15th, 2019 at 1:09pm
 
cods wrote on May 15th, 2019 at 11:45am:
and this makes you so happy.??...

the Chinese may be looking for a new buddy as well..

gotta keep those machines turning after all....

we could be in a "you scratch my back I will scratch yours" situation... Wink Wink


Please don't thank me.

I have a lot of assets in foreign currency and it suits me just fine. I am hoping it goes down to US$ 0.60 or better still US$ 0.50 and I will then repatriate my financial assets.
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Laugh till you cry
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A$ = US$ 0.6913 and sinking
Reply #5 - May 16th, 2019 at 12:08pm
 
A$ still sliding now US$ 0.6913.

Thank Donald Trump for putting his balls in the Chinese tiger's mouth.
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« Last Edit: May 16th, 2019 at 12:20pm by Laugh till you cry »  

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Re: A$ 0.6956 US$ and sinking
Reply #6 - May 17th, 2019 at 8:49am
 
Markets aren't stupid. They are worried a communist government led by an illiterate for a PM isn't good. Don't you fink? Better off wivout Bill.
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Re: A$ 0.6956 US$ and sinking
Reply #7 - May 17th, 2019 at 9:52am
 
Historical value of Aussie Dollar vs US Dollar:

...
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Laugh till you cry
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Re: A$ 0.6956 US$ and sinking
Reply #8 - May 17th, 2019 at 11:26am
 
Captain Nemo wrote on May 17th, 2019 at 9:52am:
Historical value of Aussie Dollar vs US Dollar:

https://i.imgur.com/zNaXuKC.jpg


??
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Laugh till you cry
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A$ = US$ 0.6890 and sinking it's down again today
Reply #9 - May 17th, 2019 at 11:30am
 
One of the banks issued a prediction that A$ could bottom at US$ 0.60.

However, that was before the US-China trade war heated up.

The bottom now could be US $ 0.50 or less.
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Re: A$ 0.6956 US$ and sinking
Reply #10 - May 17th, 2019 at 11:34am
 
Laugh till you cry wrote on May 17th, 2019 at 11:26am:
Captain Nemo wrote on May 17th, 2019 at 9:52am:
Historical value of Aussie Dollar vs US Dollar:

https://i.imgur.com/zNaXuKC.jpg


??


Just posting the way the Dollar has been down-down-down and up-up-up over the years. Nothing new about a volatile Aussie Dollar.
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Laugh till you cry
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Re: A$ 0.6956 US$ and sinking
Reply #11 - May 17th, 2019 at 11:46am
 
The period 2010 - 2014 where the A$ was high also represents the time of the decision to bury the Australian car industry.
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Laugh till you cry
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A$ = US$ 0.68740 and sinking
Reply #12 - May 19th, 2019 at 9:45am
 
0.68740
At close: May 17 10:30PM BST
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