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High AUD

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macaroonie
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High AUD

Postby macaroonie » Sat, 21 Jul 2012 10:17 am

For any economists out there, the AUD has just sky rocketed over the last 3 years. Do you think it will ever come down to parity again with the SGD? Or is this a new reality?

Thank you very much :o

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Postby beppi » Sat, 21 Jul 2012 6:16 pm

You need an astrologer more than an economist to answer this question!

macaroonie
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Postby macaroonie » Sat, 21 Jul 2012 8:17 pm

Beppi! hahah what a good reply! Doesn't help but love it anyway :D :D

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Postby beppi » Sat, 21 Jul 2012 11:49 pm

It's the truth!

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Postby Mad Scientist » Sun, 22 Jul 2012 9:04 am

AUD will remain high as their commodties are in demand . Most of it goes to China. One of their indicators is mining, Rio Tinto is an indicator of how the AUD perform.
Unless China slow down to lower than 7% GDP then AUD will come down.
As AUD is one of the trading basket of the world currencies, it will be there for a wee while
Wait of the next election if JG stays or Tony takes over. This is going to be soon as most poll does not want JG to stay
The positive thinker sees the invisible, feels the intangible, and achieves the impossible.Yahoo !!!

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Postby offshoreoildude » Tue, 24 Jul 2012 7:36 pm

Some argue the AUD is becoming one of the few currencies of last resort....

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Postby Strong Eagle » Tue, 24 Jul 2012 10:36 pm

As goes China, so goes the Australian dollar. Tell me what's going to happen with the Chinese economy.

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Postby JR8 » Tue, 24 Jul 2012 10:45 pm

Strong Eagle wrote:As goes China, so goes the Australian dollar. Tell me what's going to happen with the Chinese economy.


Well, it's already going down, innit!

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Postby Strong Eagle » Tue, 24 Jul 2012 10:53 pm

JR8 wrote:
Strong Eagle wrote:As goes China, so goes the Australian dollar. Tell me what's going to happen with the Chinese economy.


Well, it's already going down, innit!


That it is... I found the statement "Some argue the AUD is becoming one of the few currencies of last resort...." to be somewhat unbelievable... small population, focus on extraction industries... looks a lot more like a speculative currency to me. Like it or not, the US dollar is still the currency of last resort.


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