Australian Dollar

Discussion in 'Property Market Economics' started by MTR, 6th Jul, 2015.

Join Australia's most dynamic and respected property investment community
Thread Status:
Not open for further replies.
  1. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,784
    Location:
    My World
    Interesting, Aussie $ hit all time low of 75 today, RBA will be happy with this.



    MTR
     
  2. Redwing

    Redwing Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    7,431
    Location:
    WA
    All time low?
     
    Foxdan, Phantom and The Falcon like this.
  3. DaveM

    DaveM Well-Known Member

    Joined:
    14th Jun, 2015
    Posts:
    3,761
    Location:
    Adelaide & Sydney
    Do you know what an all time low means?
     
    DCO90, Foxdan, JacM and 6 others like this.
  4. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,189
    Location:
    Adelaide and Gold Coast
    You know it was 50c just a few years ago right?
     
    Foxdan, JacM, Phantom and 2 others like this.
  5. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,784
    Location:
    My World
    oops, last time it hit 75 was over 5 years ago

    NIce:)
     
    Kate Moloney likes this.
  6. Coota9

    Coota9 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,286
    Location:
    Melbourne
    image.jpg
     
    Redwing, Sticky and MTR like this.
  7. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,784
    Location:
    My World
  8. willair

    willair Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    6,776
    Location:
    ....UKI nth nsw ....
  9. MarkB

    MarkB Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    180
    Location:
    .
    There is always a "flight to safety" (somewhat ironically, the "safe" option is the USD) during uncertain times.
     
    Redwing likes this.
  10. Tillie

    Tillie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    458
    Location:
    Melbourne
    Interesting why gold price has not received a massive boost. Normally together with USD gold is seen as a safe haven in uncertain times.
     
  11. radson

    radson Well-Known Member

    Joined:
    4th Jul, 2015
    Posts:
    1,563
    Location:
    Upper Blue Mountains
    Aren't 'times' always uncertain? Gold did rocket when Russia invaded Afghanistan and then with inflationary fears after the US QE but certainly has done nothing with Russia vs. Ukraine/Crimea, Ebola, Greece, MERS etc, etc
     
  12. Tillie

    Tillie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    458
    Location:
    Melbourne
    Of course times are always uncertain, but 'investment World' looks like to be spooked by China and Greece. Normally when investors get spooked investments flows to USD and gold. Even during GFC funds were flowing to gold and gold mining stocks.
     
  13. radson

    radson Well-Known Member

    Joined:
    4th Jul, 2015
    Posts:
    1,563
    Location:
    Upper Blue Mountains
    I agree with Mark B. Liker DT says, when the GFC really hit everyone leapt to the USD and the AUD plummeted in comparison even though it was the American subprime crisis. The Gold price hit a speculative bubble nominally based on QE inflationary fears... bursting 3 years later at end of 2011 and has retreated ever since.
     
  14. Investig8

    Investig8 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    113
    Location:
    Central Coast
    Not the all time low, I was paying 53c thereabouts in 2004/05 when traveling to the states on business, bloody expensive trips they were.
     
    CJP likes this.
  15. Jess Peletier

    Jess Peletier Mortgage Broker & Finance Strategy, Aus Wide! Business Member

    Joined:
    18th Jun, 2015
    Posts:
    6,673
    Location:
    Perth WA + Buderim Qld
    Great for anyone with US investments :)
     
    CJP and MTR like this.
  16. paulF

    paulF Well-Known Member

    Joined:
    28th Jun, 2015
    Posts:
    2,103
    Location:
    Melbourne
    +1. Also for investors with ability to borrow in USD from overseas and use locally.
    i believe It's got a long way to go own to the AUD due to our economy adjusting post mining boom...
     
    Rusty12 likes this.
  17. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,784
    Location:
    My World
    I referred to last 5 years..... But wow 53, that would make my day, but I don't believ it will go down anywhere close to this anytime soon

    MTR
     
    Xenia likes this.
  18. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,784
    Location:
    My World
    200

    Wrong, Au$ was around 1.00-1.10 - 2012, I was buying in US during this period. I have posted on SS with updates on Au$ over the last 2 years.

    50 many moons ago, hehe, I've been keeping my eye on it, obviously you have not.


    MTR

    :p
     
    Last edited: 7th Jul, 2015
  19. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,784
    Location:
    My World
    Wrong

    2008 GFC - around Au$ 68

    50 in recent times a nonsense, in fact we are talking around year 2002-2004

    2010 onwards Au$ - 1.00 and continued to soar

    MTR:)
     
    Last edited: 8th Jul, 2015
  20. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,784
    Location:
    My World
    An update, Au$ trending down, 72 was what RBA was forecasting, looks like it may happen very soon




    Australian Dollar:
    The Australian dollar plunged through 0.7450 on Tuesday touching overnight lows of 0.7397. The Aussie has suffered a remarkable and dramatic sell off since breaking lower late Friday as global uncertainty and tumbling commodity prices force investors toward haven assets. Copper fell to 6 year lows while nickel and iron ore tumbled and oil prices plunged a further 4% on Tuesday as concerns over Chinese equities and a rout on the stock market dampened global demand expectations. Throw in the ever unfolding Greek credit crisis and market appetite for risk is all but evaporated. The RBA offered little support as markets largely ignored the central bank’s decision to maintain the current monetary policy stance having priced in the pronouncement. Attentions will again turn offshore for direction with little available on the domestic economic docket. Having broken key technical supports the Aussie is poised to enter a deeper bearish trend with new lows ranging toward 0.72.


    MTR:)
     
    Last edited by a moderator: 8th Jul, 2015
    Xenia likes this.
Thread Status:
Not open for further replies.