A$ is headed South again ... toward US$ 0.6

Casual chatting. Guest posting allowed.

Welcome to the various guests visiting here. Why not register? The real PA—a home away from home when OzPol is down.

Hot topic: Handmaid’s Tale



Just post here—don’t need to join.
.

Moderator: johnsmith

Forum rules
The rules for this board are in the Charter of Moderation. Sand Pit is for having fun. Guest posting is allowed here.

A$ is headed South again ... toward US$ 0.6

Postby Squire » 29 Jun 2018, 01:19

Last year there was a prediction by some financial guru that the A$ was eventually going to fall to US$ 0.6.

Could this be true?

Actually the US $ is rising against other currencies, possibly due to MNCs repatriating foreign money earnings which they previously held outside the US in other currencies.

Australia is in a big bind with the US insisting other countries buy more US produce and goods. This could displace Australia from some of its markets for agricultural products and LNG.
User avatar
Squire
Irish wolfhound
 
Posts: 597
Joined: 19 Aug 2016, 11:35
spamone: Animal

Re: A$ is headed South again ... toward US$ 0.6

Postby Squire » 12 Jul 2018, 14:01

A$ is still flirting with 5 year lows. Currently around US$ 0.737

Cause is mostly US$ rising relative to all other currencies.

If Trump trade war unsettles world trade resource prices will fall and A$ will head lower.

Australia is heading toward Singapore status where GDP per capita is much higher than average wage indicating that the rewards from economic growth are mostly accruing to the 1% of the population who own most of the wealth. GDP per capita in Singapore is about the same as Australia, but the average wage in Singapore is about 20% lower than Australia.

GDP growth in Singapore is fueled and inflated by excessive prices of apartments which is the pattern developing in Australia.

Singapore apparently doesn't like it's GINI index published and the data for Singapore is not easy to find. Gini index for Singapore is around 45 and Australia around 35. The ideal rate is 0 for perfect income distribution.

Image
User avatar
Squire
Irish wolfhound
 
Posts: 597
Joined: 19 Aug 2016, 11:35
spamone: Animal

Re: A$ is headed South again ... toward US$ 0.6

Postby johnsmith » 12 Jul 2018, 16:38

Squire wrote:A$ is still flirting with 5 year lows. Currently around US$ 0.737


Meanwhile, everyone thinks the libs are to be patted on the head for our exports when in fact it has nothing to do with them or their policies

Labour A$ =>$US

Lib $A < $US
FD.
I hope that bitch who was running their brothels for them gets raped with a cactus.
User avatar
johnsmith
Rhinocerus
 
Posts: 5419
Joined: 25 Sep 2017, 22:39
spamone: Animal


Return to Sand Pit

Who is online

Users browsing this forum: No registered users and 3 guests