10-10-2008, 11:49 PM
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#4
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Avalon Senior Member
Join Date: Sep 2008
Location: Blackbutt, Queensland, Australia
Posts: 1,004
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Re: The Aussie Dollar
Quote:
Originally Posted by justbe
There are a number of factors at play here. In times of economic uncertainty funds flow to safety, ie: US$, Gold. The aussie dollar is seen as a risky currency. Also the RBA has again lowered the interest rates by a full 1% which took the market by surprise and lower interest rates means lower $AUS. Also commodity prices have taken a tumble which has a direct relationship with the $AUS. Australia $ remains vulnerable as an exporter of commodities. As a result, this makes our resources very cheap currently, which could be all part of the plan. Hope this helps.
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Ta, that makes sense.
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