It seems the value of AUD has gone up a bit last few days. Any idea how long trend would last?
I am also not sure what caused this, and what factor depends this trend depends on.
Cheers
USD Per AUD Going up?
El Cap on 02/12/2015 - 15:25
Last edited 02/12/2015 - 15:49 by 1 other user
Last edited 02/12/2015 - 15:49 by 1 other user
Comments
$US tanked a bit
but the most recent little blip is due to Exports being higher than Imports…
Therefore less debt, therefore less risk, therefore better AUD.It's literally a blip though.
Don't get excited, we're unlikely to be headed back to parity or even close until China (or India) kick off again.Oh, thanks.
I thought may be the RBA would not cut rates to lower the AUD during the coming holiday seasons when people are likely to buy goods from overseas.
I have an overseas debt to pay. I guess I should send some money over before too long. I wish I send/had a bit more money during those golden days when AUD came around to 0.9 USD.
:)
RBA seems pretty happy with rates at the moment.
Even if the AUD/USD goes above 75 cents, tech companies won't change their prices.
Bastards..They are might to give better bargains.
Yeah but if it drops below 70 cents, they will happily pass on the price increase.
Apple is the best example, they are always upping their prices when they release new devices every year that the Australia dollar has declined.
Overseas companies will drop prices directly, through Aud/Usd exchange rate. So if local companies don't drop their prices they'll miss out, not necessarily us the consumer.
I think Aud/Usd rate will keep dropping long term according to some past finance comments that rang for me. Currently oil has returned to reasonble retail based on cost, gold's halfway back, shares are… no idea what a mess.
(http://www.ozforex.com.au/news-commentary/daily/2015/12/2/au…)
tl;dr Dunno