The Aussie dollar is one I tend to rarely keep track of because it runs a similar correlation curve to the Canadian dollar due to the strength of its commodities sector so it acts more like an indicator to me.
Canada is wheat oil and gas while Aussies are Iron and coal primarily, with other natural resources like Uranium gold copper etc taking the spotlight now and then, that said since both exchange rates being low implies that demand for natural resources is low, even if prices for goods in the relative countries are increasing because of a weak exchange rate.
To be expected when the BRICS aren't in an intensive resource demanding period as developed countries don't tend to need as much as developing ones to build infrastructure roads etc.
Topic: Falling Australian Dollar is very Suspect (Read 484 times)
It is really surprising that Aussie dollar went down 25% in last year and could go down another 25%. It is actually funny how fast you can lose your money
Andrew Forrest, australian billionaire, who was worth more than $6 billion a little over 12 months ago and is now worth $1.5 billion, it is a 75% fall.
And they say that bitcoin is volatile.
Andrew Forrest, australian billionaire, who was worth more than $6 billion a little over 12 months ago and is now worth $1.5 billion, it is a 75% fall.
And they say that bitcoin is volatile.
I think that if one country has increased its reserves in wheat, gold and other supplies, than it can print a lot more money, or amount of money for the reserve they have increased.
Im not sure if it has anything to do with gold prices dropping as one big factor that sets gold price is purely how much there is in supply and what is expected to come into supply ( Is that whole precious metals thing that make them such worth due to there limited amount).... anyway back on track, there was a recent discovery of a gold field in Western Australia (reported in June this year) that is said to hold gold twice the size of the Sydney Harbour bridge.
Yea, mate... we have seen a commodity boom peaking and now it's plummeting to much lower levels... There are specifically two commodities that influenced the AUD decline : Iron & Coal
As the previous poster explained... When the biggest importer of iron ore and coal have troubles {Chinese}, the demand decrease and the price will go down. It just shows us, how closely our global
economy is linked to the rest of the world. So there is nothing suspect about that...
.... I am more worried about the price of gold. {normally a safe haven}
As the previous poster explained... When the biggest importer of iron ore and coal have troubles {Chinese}, the demand decrease and the price will go down. It just shows us, how closely our global
economy is linked to the rest of the world. So there is nothing suspect about that...
.... I am more worried about the price of gold. {normally a safe haven}
I think you will find it is dropping due to a few reasons.
Primary reason is China's economy isnt doing that well at the moment, and seeing as we are China's bitch it hurts us.
Also the commodity prices are taking a nose dive atm which has a direct impact on the AUD.
But the main reasons are drop in price of iron ore that china isnt buying atm and the interest rate cuts.
Primary reason is China's economy isnt doing that well at the moment, and seeing as we are China's bitch it hurts us.
Also the commodity prices are taking a nose dive atm which has a direct impact on the AUD.
But the main reasons are drop in price of iron ore that china isnt buying atm and the interest rate cuts.
people are throwing out fundamemtal reasons yet given the absolutely electric pace of the economy, reasons ill leave out for now
i can really see only one reason for the fall
Money Printing !!!
the strength of our dollar has become its weakness the fact it's most likely being out printed to the high heavens
and still holding a reasonable level of value is why i suspect this is being done!
i can really see only one reason for the fall
Money Printing !!!
the strength of our dollar has become its weakness the fact it's most likely being out printed to the high heavens
and still holding a reasonable level of value is why i suspect this is being done!
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