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AUD, Australian Dollar Discussion
nipper
post Posted: Mar 11 2020, 09:00 AM
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In Reply To: mullokintyre's post @ Mar 11 2020, 08:22 AM

wasn't there a flash crash -type event just yesterday?



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
mullokintyre
post Posted: Mar 11 2020, 08:22 AM
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AUD V USD now down to the 64 handle.
Been a while since we were down in that territory.
Mick




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cooderman
post Posted: Mar 3 2020, 01:39 PM
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around 40 pip spike up for AUD. Seems traders were expecting 50bps cut. May touch .6586.. I won't touch it for now.
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Pendragon
post Posted: Mar 3 2020, 10:07 AM
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In Reply To: mullokintyre's post @ Mar 3 2020, 06:56 AM

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.


 
mullokintyre
post Posted: Mar 3 2020, 06:56 AM
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In Reply To: Pendragon's post @ Mar 2 2020, 10:18 PM

Most countries are printing their currency like toilet paper.
And they have negative interest rates. The US has , for the moment, a small positive rate.
And besides, if the USD was not the currency of trade, what would it be replaced with?
The yuan /renmimbi? Not likely in this climate. The yen , euro, uk pound?
None of them are great contenders, and not well trusted.
Perhaps the swiss frank could be the one.
Mick



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Pendragon
post Posted: Mar 2 2020, 10:18 PM
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In Reply To: mullokintyre's post @ Mar 2 2020, 08:38 AM

What I do not understand is the "value" in the American dollar.
How can it have value if they are printing it like toilet paper????

 

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mullokintyre
post Posted: Mar 2 2020, 08:38 AM
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And now down to .6485
Normally when you see the AUD falling like that you must start to incorporate inflationary trends as the billions of dollars of overseas junk we buy becomes more expensive.
But thse are not normal times.
Most pundits (including the currency traders are expecting a rate cut this month with more to floow.
Tough if you are/were planning an overseas holiday.
Mick



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nipper
post Posted: Feb 21 2020, 06:07 PM
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In Reply To: mullokintyre's post @ Feb 21 2020, 02:08 PM

And closed below. 0.6598 I saw.

Poor employment numbers (the canary!) and a quasi-shutdown looming with this virus. So, what do we have? Gold up, flight to safety, all that.

Still playing out.



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
mullokintyre
post Posted: Feb 21 2020, 02:08 PM
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In Reply To: nipper's post @ Feb 20 2020, 10:53 PM

struggling to stay above the 66 level.
This could turn nasty if people decide they just want out.
Even if the RBA cut rates again (no guarantee), it will be only 25 bp, hardly something to affect incomes.
It is all about sentiment.
So often it is a case of panic selling.
Bring it on.
Mick



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sent from my Olivetti Typewriter.
 
nipper
post Posted: Feb 20 2020, 10:53 PM
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In Reply To: mullokintyre's post @ Feb 20 2020, 07:48 PM

QUOTE
sitting at .6629
..for BHP and CSL dividends 👍



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 


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