The Aussie Dollar

[justbe]

Originally Posted by Brinty

Thank you for posting that querie Tamarie, let's look silly together. You beat me by about 10 seconds and I'd like to know the reason too. I'd been on the verge of buying stuff on the internet while the Aussie dollar was worth 90-odd cents US. Shan't be doing that now.

There are a number of factors at play here. In times of economic uncertainty funds flow to safety, ie: US$, Gold. The aussie dollar is seen as a risky currency. Also the RBA has again lowered the interest rates by a full 1% which took the market by surprise and lower interest rates means lower $AUS. Also commodity prices have taken a tumble which has a direct relationship with the $AUS. Australia $ remains vulnerable as an exporter of commodities. As a result, this makes our resources very cheap currently, which could be all part of the plan. Hope this helps.