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Our dollar in freefall

Discussion in 'The Economy' started by crc_error, 2nd Sep, 2008.

  1. crc_error

    crc_error The Rule of 72

    Joined:
    1st May, 2007
    Posts:
    1,367
    Location:
    Melbourne, VIC
    Looking at our dollar, its now sitting at 82.81c.

    Wayne Swann has managed to get interest rates to fall, but he has also managed to get out dollar to plummet as well!

    Lucky I am now holding quite a few OS managed funds, so I will benefit from this falling currency..
     
  2. Young Gun

    Young Gun Guest

    the value of the AUD dollar is linked to interest rates.

    when the RBA cuts rates all things being equal our dollar should fall. The reverse happens when they raise interest rates.

    so if you think that they will continue to cut interest rates load up on international share funds and reap the benefits.
     
  3. Billv

    Billv Getting there

    Joined:
    15th Jul, 2007
    Posts:
    1,796
    Location:
    Sydney, NSW
    Ouch... those plasmas will now become more expensive
     
  4. crc_error

    crc_error The Rule of 72

    Joined:
    1st May, 2007
    Posts:
    1,367
    Location:
    Melbourne, VIC
    Plasmas are obsolete technology, so you will find they will continue to go down in price.
     
  5. Billv

    Billv Getting there

    Joined:
    15th Jul, 2007
    Posts:
    1,796
    Location:
    Sydney, NSW
    CRC probably.
    btw, they may be obsolete but they are currently the best TV screen available in Oz and don't tell me that LCD's are better because they are not...yet