Last Trade:1.0073Trade Time:4:20AM EDT
http://finance.yahoo.com/q?s=audusd=x#
First time in my lifetime, I think.![]()
Last Trade:1.0073Trade Time:4:20AM EDT
http://finance.yahoo.com/q?s=audusd=x#
First time in my lifetime, I think.![]()
Once again, the conservative, sandwich-heavy portfolio pays off for the hungry investor
- Dr John Zoidberg





Hmmm I feel a Hawaii trip coming on... or maybe a shit load of internet shopping.. woooo hooo.





^^^ as long as you do your shopping on items where the price is denomonated in US dollars ... and do so before those posted prices are increased !!!
Actually, Aus is very well positioned to benefit from a comparatively stronger Aus $. This is due in large part to the fact that Aus exports a lot of world market priced commodities ... the sale of which is fairly inelastic, and the price of which is mostly driven by factors other than the relative value of the Aus $. Also Aus isn't overly dependent on inflows of foreign money via tourism, via foreign purchases of Aus companies / real estate / equities etc.
I get the impression that as a country we're at the mercy of whatever forward contracts BHP have going at the moment and where our banks are getting their funding from today![]()
Once again, the conservative, sandwich-heavy portfolio pays off for the hungry investor
- Dr John Zoidberg





well, Australia is certainly not alone in that regard, with other smallish ( relative to US / China / Germany ) commodity exporter country economies like Canada, Brazil etc. being in the same proverbial boat.
Probably the bigger issue actually is that there simply isn't any 'benchmark' currency anymore to accurately measure relative changes against. For example, today the Australian stock markets are down and the price of gold is down - but the US stock markets are up and the price of gold is up at the very same time. However, in terms of 'real' gains, Australian investors profited ( even though their Aus listed stock is 'down') while US investors lost ( even though their US listed stock is 'up') thanks to the shifting value of the currencies! This of course makes for all sorts of confusion if viewed solely from a home currency centric viewpoint.




Yes, I spent a shit-ton of money on eBay just hours before, when we were still hovering at around 98 cents per US dollar. Spewing.
I think the Aussie dollar went up to 1.05 or 1.06 US since yesterday's wee hours. Our banana republic days are over*.
*Paul Keating in-joke.





^^^ half right on the 'banana republic' ... arguably, with yesterday's blatant QE2 program effectively telling the entire the world that America's post-election fiscal policy will consist of printing money / monetizing debts, the 'banana republic' days are beginning for the USA ! I guess we'll truly find out a couple of years from now ... when we'll know whether US $ million will buy a McMansion, or a new car, or a night out at a strip club !
Bookmarks