If unions win lower house today, AUD$ will drop immediately to 67, 66 & then maybe 65 cents. It's purely a confidence thing. Business generally has no confidence is union led parliament, unless the business has govt contracts. Right now mid market rates on xe.com 68.6 (updated every 60 secs).
Know a lot of people, who decided to pay for their international holidays later in the year, now rather than later.
Roughly if our dollar drops 1 cent, their holiday goes up very roughly 1.5%.
Might not sound much, but if it were to drop 3 or 4 or more cents, then it starts to get significant.
Also noticed lately, that quite a few switched on tour operators have said pay your balances early & there's no credit card fee.
Still can't believe stupid media has hardly ever mentioned the senate. Maybe it's because media generally doesn't like Clive Palmer, but it will be very interesting to see final outcome in the senate. If Clive gets, 2 or 3 senators & greens lose a few, it will be interesting, getting any legislation through, without Clives approval. Lots of horse trading. Don't know how Clive & Bull coughter will negotiate anything. Clive & Scomo negotiations should be much easier.
Latest polls this am, have a 1.5% differential, which is nothing, as swings always vary seats by seat.
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