I think you mean .72 but the way it is going you may be right soon!!Well the little Aussie battler has broken through .78c barrier - 18mth high - is the sky the limit?
Yep my bad - corrected - I was having an argument with our Chinese suppliers at time I typed that -I think you mean .72 but the way it is going you may be right soon!!
Sure doesn't especially if a roof springs a leak.Mrscove wants me to buy both pounds and US dollars. That should put a floor under the AUD.
Having homes in other countries isn’t working very well in 2020.
Perhaps foreign currency? The AUD at the moment is not being kind to my USD pension.....Yes Paris, South of France, Germany and Los Angeles are all out of bounds for my family. I can add in Melbourne and Sydney seeing we are in Perth. Getting quite used to going nowhere in 2020 so less need for currency.
Timing - had a large USD cc charge go through yesterday - they timed it perfectly - got the low of the day!.7214 tonight hard to believe it went down to 55c in March
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I would think the RBA hinting last week that they are ready to cut rates again to support the economy will keep the AUD lower.
It’s just a shell game making money for currency traders, IMHO.
What’s the point in cutting rates any further? Can someone explain the madness?I would think the RBA hinting last week that they are ready to cut rates again to support the economy will keep the AUD lower.
I've long given up on trying to understand the real impact of new "unconventional" monetary policy tools of QE and negative rates, but here's the quote from Lowe:What’s the point in cutting rates any further? Can someone explain the madness?
Yes but that’s with a grain of salt.I've long given up on trying to understand the real impact of new "unconventional" monetary policy tools of QE and negative rates, but here's the quote from Lowe:
“When the pandemic was at its worst and there were severe restrictions on activity, we judged that there was little to be gained from further monetary easing,” he said.
“As the economy opens up, though, it is reasonable to expect that further monetary easing would get more traction than was the case earlier.”