Pendragon Posted March 3, 2020 Share Posted March 3, 2020 Time to go back to the gold standard. The American dollar is worthless, but because it is the currency of world trade it has an intrinsic value. Not fair!!! I am worried about how much my next holiday in the US is going to cost me. Link to comment Share on other sites More sharing options...
cooderman Posted March 3, 2020 Share Posted March 3, 2020 around 40 pip spike up for AUD. Seems traders were expecting 50bps cut. May touch .6586.. I won't touch it for now. Link to comment Share on other sites More sharing options...
mullokintyre Posted March 10, 2020 Share Posted March 10, 2020 AUD V USD now down to the 64 handle. Been a while since we were down in that territory. Mick Link to comment Share on other sites More sharing options...
nipper Posted March 10, 2020 Share Posted March 10, 2020 wasn't there a flash crash -type event just yesterday? Link to comment Share on other sites More sharing options...
cooderman Posted March 10, 2020 Share Posted March 10, 2020 Hi Nipper..... Monday early afternoon there was a shake out. Low .631s. Gap traders if they were Long, were whacked with a big stick.Stops become On Market trades,and you take the best price Broker can get. Link to comment Share on other sites More sharing options...
nipper Posted March 11, 2020 Share Posted March 11, 2020 Thought I saw it somewhere. ....from the AFR flash crash in the Australian dollar pushed it to its lowest level against the US dollar since 2009 on Monday, as currency markets panicked over rising economic uncertainy from the coronavirus outbreak. The heavy fall appeared to be sparked by movement in the Japanese yen, which rose quickly against the US dollar, igniting rapid movements across global foreign exchange markets. The Japanese yen had been weakening slightly against the US dollar through the morning before reversing that decline just before midday. That trade quickly gained momentum with the Australian dollar diving just before 12:30pm. The Aussie tumbled as much as 4.6 per cent to a low of US63.12Ãâہ¡ÃƒÆ’‚¢ in just over 20 minutes, its lowest level since March 4, 2009. At the same time, the Japanese yen soared against the greenback... Link to comment Share on other sites More sharing options...
mullokintyre Posted March 12, 2020 Share Posted March 12, 2020 AUD v USD currently 6474. Now firmly below 65. Don't know how far it will fall, but i can't see anything on the horizon that will cause sentiment to rise in relation to the AUD. Still surprised that PM's have not really broken out. But the further this crash/correction/rebalancing goes on, the bigger the eventual rise will be. No overseas trips for us this year, what with corona Virus, falling AIUD, and my SMSF falling every day. Mick Link to comment Share on other sites More sharing options...
mullokintyre Posted March 18, 2020 Share Posted March 18, 2020 smashed thru the 60 cent barrier. Down to .5990. Just how low can it go?? In the olden days, a falling currency signals inflation and rising interest rates. Only change in interest rates is down according to the RBA .Can't see much inflation on the horizon, especially with oil being crunched without obvious let up any time soon. Good for exporters, not good for importers. Beef exporters will be happy. Beef prices are sky high in Oz, but the prices are ameliorated by lower AUD. No 2 son was going to buy some cattle this week, but with prices in excess of $4 a kilo, they were just to expensive for something that is just a sideline. he says he will just keep growing hay instead. Cattle will start to be rustled soon, saw it with sheep last year. Professional mobs with dogs and trucks searching for isolated paddocks with stock in them. Mick Link to comment Share on other sites More sharing options...
mullokintyre Posted March 18, 2020 Share Posted March 18, 2020 More overnight carnage. We are now in full blown panic mode. The AUD fe;ll nearly 4% at one stage to sit below the 58 handle. Evryone wants USD, though I am blowed if I know why. Gold and silver both smashed, but gold still closer to 2600 than 2500. Its been above 2500 pretty much the whole time since the panic started. madness in the markets. Mick Link to comment Share on other sites More sharing options...
henrietta Posted March 18, 2020 Share Posted March 18, 2020 Cattle will start to be rustled soon, saw it with sheep last year. Professional mobs with dogs and trucks searching for isolated paddocks with stock in them. Cripes, Mick, there really are some ultra-low-lifes. Cheers J Link to comment Share on other sites More sharing options...
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