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on 25-05-2013 10:06 PM
oh dear?
it used to sit around 0.70 us
back when bonds were made in Australia and ford could sell cars
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on 25-05-2013 10:08 PM
I'm seriously depressed about this. I love my trips to the States and Canada.
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on 25-05-2013 10:13 PM
oh dear?
it used to sit around 0.70 us
back when bonds were made in Australia and ford could sell cars
Those days could be on us before we know it 😞
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on 25-05-2013 10:17 PM
Those days could be on us before we know it 😞
and what is the problem?
we need our exports to be as cheap as possible
and if imports cost more maybe we'll stop buying them
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on 25-05-2013 10:21 PM
The problem is the cost of everything we buy will jump in price because nearly everything is imported
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on 25-05-2013 10:25 PM
so it's a problem now but never used to be?
it is excellent for our manufacturing industry
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on 25-05-2013 11:21 PM
That would be good if it was still here and not moved off shore, in case you didn't notice its already gone.
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on 25-05-2013 11:22 PM
no it's not
I still got a job
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on 26-05-2013 01:06 PM
Well I don't have much nous as far as economics go, but these sort of headlines trouble me:
Australian Dollar: How Low Will It Go?
"The Australian dollar is back on a downward spiral, reversing solid gains made overnight, as markets continue to react to recent statements from US Federal Reserve Chairman Ben Bernanke.
The currency rose as high 97.50 US cents early on Friday, up sharply from 96.23 US cents on Thursday afternoon.
But by 1200 AEST the Australian dollar had retreated back to 96.65 US cents.
http://au.finance.yahoo.com/news/australian-dollar--how-low-will-it-go--063213512.html
"Investments banks continue to be negative on the Aussie, with Credit Suisse's global strategists telling clients the currency could fall to US85c in 12 months because "this time it's structural".
What do they mean by structural?
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on 26-05-2013 01:07 PM
Oh and grizz:
She'll be right mate. Long as you've got a job all's well.