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Thats an amazing currency chart.
I believe the day will come when we'll see the USD swoon like that too.
Lots of charts showing things people didn't thing were possible.
AUD
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Thats an amazing currency chart.
I believe the day will come when we'll see the USD swoon like that too.
Lots of charts showing things people didn't thing were possible.
theasxgorilla
Problem solved... next bubble.
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Ladies and gentlemen, Australia is now on sale.
BTW, what the hell just happened???
BTW, what the hell just happened???
theasxgorilla
Problem solved... next bubble.
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Not against the AUD!
BentRod
ZZZZzzzzZZZZzzzzzzzz
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just don't get it... rate cut means AUD gets devalued right?
so why did it rally on aud/usd?
is it the expectation that the usd will cut it's rate as well??
so why did it rally on aud/usd?
is it the expectation that the usd will cut it's rate as well??
have you heard of :"buy the rumor, sell the fact"
Kauri
E/W Learner
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exactly.... and here is a perfect example playing out on the markets at the momento...
or maybe "buy the mystery, sell the history"...story of the morning appears to be the speculated "cap in hand" scenario between the clearing banks in the UK. The mere suggestion in the press that the banks had asked for funding assistance, presumably beyond the current BOE measures, knocked confidence all over again.
Sterling was slammed from levels around 1.7575 to 1.7318 vs the Dollar and looks only to have been saved by the news of external help (from Russia)for Iceland.
Cheers
..........Kauri
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Is this the biggest fall in one day history? AUD down 9.7% right now to 0.6437US!
Is anyone else watching this unravel? It was .67 only a couple hours ago!
Is anyone else watching this unravel? It was .67 only a couple hours ago!
chops_a_must
Printing My Own Money
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Something is really wrong here...
Trembling Hand
Can be found on the bid
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Yeah I'm watching it. Not trading it. Less & less has surprised me this year but come on!!! This is nutzzzzzzzz.
Trembling Hand
Can be found on the bid
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Yeah like someone at the reserve bank let it slip that one of the big four is insolvent. Bloody hell have we changed our name to the Australian republic of Zimbabwae
Nyden
G.E. Money Genie
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I certainly am. Very disheartening, tomorrow was to be the day I was to purchase some USD as well ... sigh
I've been finding myself rather held-back from it - simply because of this little belief inside that surely the AUD has reached the bottom. My stubbornness has cost me a bundle of profit, should have bought at .83!Could be much worse though; imagine the poor guys in the market! Losing 10% on the value of their stock, and another 10% on currency value wiped.
Isn't it obvious chops? Australia is stuffed. We could be in one of the worst positions in the world, not the best.
On a side note; surely the lower AUD has to influence the RBA? They surely cannot drop rates; goodness, going down the route the US has done, and allowing inflation to take over is just plain old nuts. Raise em' to 10% I say
chops_a_must
Printing My Own Money
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Yep.
Or we've had a large default from someone...BNB???
But surely we would have word of it?
Thanks to those over stressed mortgage payers, we are all now a hell of a lot comparatively poorer.
All I can say is I'm glad I'll be earning some coin in USD over the next week or two. Can't say I thought I would be saying that.
Kauri
E/W Learner
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I blame in parts Toyota.....
and of course decreasing risk appetite re: global equity market weakness has helped to fuel the safe-haven yen"s big gains, The Nikkei closed down 9.4% today, its biggest percentage drop since October 1987.
Cheers
..........Kauri
and of course decreasing risk appetite re: global equity market weakness has helped to fuel the safe-haven yen"s big gains, The Nikkei closed down 9.4% today, its biggest percentage drop since October 1987.
Cheers
..........Kauri
Nyden
G.E. Money Genie
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That's another thing - I keep hearing that the low AUD will help tourism. Very few will be flying around for holidays during this mess. What nonsense.
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Well it's at .6607US now or -7%, so clawed back a fair bit from those lows only an hour ago, but for how long I wonder.
This panic selling will surely lead to eventual capitulation, it feels very close now!
This panic selling will surely lead to eventual capitulation, it feels very close now!
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