What's your prediction on the Australian Dollar?

[TheRealTMA]

Just booked a few flights in the USA for June-July. Now if I'd booked them five months ago when I booked the SYD-LAX flights...

If you'd booked them five months ago you would have been subject to much higher fuel surcharges, no? So price would probably not have been that different?

 

[MEL_Traveller]

If you'd booked them five months ago you would have been subject to much higher fuel surcharges, no? So price would probably not have been that different?

except USA airlines don't add fuel surcharges. I'm not sure of the impact on USA fares in general? Has anyone noticed a downward trend with the fuel drop?

 

[burmans]

That's not a definition of Xenophobia with which I am familiar.

noun
dislike of or prejudice against people from other countries.

Next you'll be trying to tell me JohnK really likes the Chinese.

 

[drsmithy]

noun
dislike of or prejudice against people from other countries.

A phobia is generally considered to be an irrational or unreasonable fear of <whatever>.

Next you'll be trying to tell me JohnK really likes the Chinese.

I have no idea how JohnK feels about the Chinese.

But thinking foreigners should have constraints on their ability to buy property in no way implicitly confers xenophobia.

 

[JohnK]

noun
dislike of or prejudice against people from other countries.

Next you'll be trying to tell me JohnK really likes the Chinese.

And you know this for a fact from where? I'll tell my friend Wen at work we can't be friends anymore.

 

[robd]

Just had NAB FX phone me. Apparently it's a "madhouse" in treasury at the moment due to the interest rate cut by the RBA yesterday, which NAB admitted no-one in their office predicted .

They wanted to know whether I required any help? Well, that's nice of them.

Their prediction - the AUD will come off a few more points.

 

[vetrade]

Just had NAB FX phone me.

Their prediction - the AUD will come off a few more points.

I guess it's on the way back up then.

 

[robd]

I guess it's on the way back up then.

......

 

[whatmeworry]

Allegations that the RBA is manipulating the Aussie dollar on behalf of the Iron Ore miners.

Australia accused of manipulating Australian dollar to save iron ore miners

 

[NFF]

Negative interest rate is coming ?

 

[Flashback]

Negative interest rate is coming ?

How very Swiss of you!

 

[cove]

Flashback I guess you can remember exchange rates up near 0.7 to the pound and I think you were a guru by getting out and about in the world when the Aussie dollar was too high.

 

[Deleted member]

Ask the Kiwis if they need foreign Chinese investment?

Property in Australia should only be able to be purchased by Australian citizens. And those 10 pound Poms who have been here for 50 years would be excluded if they have not yet taken up citizenship.

I cannot buy property in China, USA, Switzerland etc. We don't need their money.

How far back do you want to go? 1770?

 

[cove]

With our currency having fallen sharply goods bought in US dollars by importers will be getting re-priced pretty soon. Then there is a wharf go slow at US ports just to make life a bit more difficult for importers of US goods. This could get very ugly very quickly if the maritime unions in the US go on strike.
The Australian dollar is now closer to the Reserve Bank target of 0.75 and Australia is being accused of being a currency manipulator by other countries so the fall may be a just about done. Maybe yes and maybe no.

 

[robd]

With our currency having fallen sharply goods bought in US dollars by importers will be getting re-priced pretty soon. Then there is a wharf go slow at US ports just to make life a bit more difficult for importers of US goods. This could get very ugly very quickly if the maritime unions in the US go on strike.
The Australian dollar is now closer to the Reserve Bank target of 0.75 and Australia is being accused of being a currency manipulator by other countries so the fall may be a just about done. Maybe yes and maybe no.

I did a bulk price increase of 12.5% on all our stock yesterday (wholesaler).

 

[cove]

We are going up 10% on April 1st on US dollar denominated products and 0% for Euro items.

 

[hossein_au]

There may be an interest rate cut really soon in Australia. If that happens I think I will lock in a strip of low interest rates to offset the pain of a low Aussie dollar and the cash flow implications.

But all the political argument for lowering the rates has been to benefit manufacturing. Isn't this the industry you are in? If so, how do you reconcile the economic argument of the day versus your own experience?

 

[Cruiser Elite]

But all the political argument for lowering the rates has been to benefit manufacturing.

Never ever underestimate the political power of the rural sector when the Libs/Nats get their hand on the reins - what a fabulous job they have done this time masking their push behind the 'manufacturing' argument.

Back onto topic of price increases - just look out for skyrocketing meat prices right across Australia this winter - all indications are that we will see prices at levels beyond belief.

 

[JohnK]

How far back do you want to go? 1770?

I don't think it's an unreasonable expectation that if you have chosen to live your life out in Australia you become an Australian citizen.

And I see how other countries restrict property ownership to their citizens and they are all doing quite well. Why not the same restriction here?

 

[robd]

Back onto topic of price increases - just look out for skyrocketing meat prices right across Australia this winter - all indications are that we will see prices at levels beyond belief.

Are cows manufactured in the US? :shock: