RBA rate cut....

[twyngwyn]

https://thenewdaily.com.au/finance/finance-news/2020/03/19/rba-virus-quantitative-easing/?utm_source...

[myoclon1cjerk]

The bottom has fallen out of the Australian dollar. Now 0.55 US.

[davidc4430]

recession here we come

[rogespeed]

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@myoclon1cjerk wrote:
The bottom has fallen out of the Australian dollar. Now 0.55 US.

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Great news for export industry - if Australia plays it's cards well can improve our bottom line - China will come on stream again soon. 

[myoclon1cjerk]

And lousy news for importers and consumers.

[chameleon54]

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@myoclon1cjerk wrote:
And lousy news for importers and consumers.

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Not if they support Australian businesses and produce. It will only hurt the people buying cheap cr@.p from China.

[myoclon1cjerk]

Except most things come from O.S.