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  • » Australian Dollars to US Dollars ~ Today Tonight

#1 2015-09-01 09:38:57

Golden ChipMunk
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Australian Dollars to US Dollars ~ Today Tonight

Currencies Market Watch

1 AUD :   0.7058 USD

Last edited by Golden ChipMunk (2015-09-02 04:36:20)


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#2 2015-09-01 10:39:31

Currawong
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Re: Australian Dollars to US Dollars ~ Today Tonight

On the topic of China, I seem to recall reading that China is selling US bonds and has sold at least a hundred billion dollars so far in an attempt to prop up the Yuan.

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#3 2015-09-01 10:42:38

Golden ChipMunk
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Re: Australian Dollars to US Dollars ~ Today Tonight

The Australian Dollar represents the economy of Australia and is the fifth most commonly traded currency in the world.


The Australian Dollar had a fixed exchange rate until 1983 when the Australian Labor government floated the currency. The Australian Dollar was part of the Bretton Woods system from 1946 to 1971 with which the Australian Dollar was pegged to the British Pound (which was fixed to the US Dollar which was pegged to Gold) until 1967. As Bretton Woods began to break down, the value of the Australian Dollar was converted to a traditional peg against a floating US Dollar.

http://www.dailyfx.com/aud




Forex Volatility Risk Remains High on Critical Week for US Dollar

http://www.dailyfx.com/forex/fundamenta … moves.html


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#4 2015-09-01 18:06:40

sterling-nz
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Re: Australian Dollars to US Dollars ~ Today Tonight

Golden ChipMunk wrote:

Currencies Watch

1 AUD :   0.7058 USD

This is piffle.
Look at my F##kn currency > 1NZD: 0.633 USD.

Makes me happy that i have USD , but sick that i do not have more.
I think i literally hit the bottom on my conversion (posted here somewhere at the time) but wish i could have afforded more.
ARGHHHHH!

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#5 2015-09-02 04:33:21

Golden ChipMunk
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Re: Australian Dollars to US Dollars ~ Today Tonight

1 Aud - USD 0.7008 vvvv


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#6 2015-09-02 04:34:12

Golden ChipMunk
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Re: Australian Dollars to US Dollars ~ Today Tonight

neutral

Last edited by Golden ChipMunk (2015-09-02 04:35:37)


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#7 2015-09-02 05:08:37

Caput Lupinum
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Re: Australian Dollars to US Dollars ~ Today Tonight

Will go lower in two weeks if the Fed raises interest rates

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#8 2015-09-02 05:54:45

thatguy
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Re: Australian Dollars to US Dollars ~ Today Tonight

it's the 60's baaaby!


I have coveted no man's silver, or gold, or apparel.  Acts 20:33 KJV
Lay up your treasure in heaven where it cannot be debased by printing or stolen by banksters.

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#9 2015-09-02 05:55:02

Golden ChipMunk
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Re: Australian Dollars to US Dollars ~ Today Tonight

Slammed 1 AUD - USD 0.6990


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#10 2015-09-02 06:05:17

thatguy
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Re: Australian Dollars to US Dollars ~ Today Tonight

1661609.jpg
64306273.jpg

Last edited by thatguy (2015-09-02 06:07:11)


I have coveted no man's silver, or gold, or apparel.  Acts 20:33 KJV
Lay up your treasure in heaven where it cannot be debased by printing or stolen by banksters.

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#11 2015-09-02 06:44:36

SpacePete
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Re: Australian Dollars to US Dollars ~ Today Tonight

Wg9sRqj.gif


Catus amat piscem, sed non vult tingere plantas

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#12 2015-09-02 06:54:55

Caput Lupinum
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Re: Australian Dollars to US Dollars ~ Today Tonight

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#13 2015-09-02 07:53:01

Golden ChipMunk
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Re: Australian Dollars to US Dollars ~ Today Tonight

AUD/USD Down Under $0.7000 as HY, EM FX Pressure Remains

Talking Points:

- AUDUSD dips below $0.7000 for the first time since April 2009.

- USDOLLAR Index aims for retest of range top near 12070.

- See the DailyFX economic calendar for Wednesday, September 2, 2015.


As equity markets around the globe struggle to find solid footing amid mounting concerns over Chinese economic growth, the US Dollar has seen a number of forces come into play to influence the direction of the broader USDOLLAR Index. While the pause in European equity market selling may have quelled short covering in EURUSD, and similarly a lack of further downside in USDJPY, other non-equity market-centric pairs are maintaining price action commensurate with trends established over the past several weeks.


For the AUDUSD in particular, fears of economic growth being choked off due to a broader slowdown in China and emerging markets seem to be coming to fruition, with the latest Q2'15 Australian GDP report showing a slowed pace of growth, both relative to Q1'15 and expectations for Q2'15. As the market builds towards the September 17 FOMC policy meeting, there's decent reason to believe that AUDUSD can maintain its move below $0.7000 in the interim (having started its attempt to settle at its lowest levels since April 2009 today).

  see link to read further


http://www.dailyfx.com/forex/fundamenta … mains.html


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#14 2015-09-02 09:31:58

Beyond
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Re: Australian Dollars to US Dollars ~ Today Tonight

too terrible on me
maybe 0.65 soon


always interested in silver coins from all countries
sell silver and gold coins too

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#15 2015-09-02 20:16:45

hawkeye
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Re: Australian Dollars to US Dollars ~ Today Tonight

Credit Crunch wrote:

The lower AUD is a positive for the Australian economy however.

Only in the sense that getting a big pay cut is more positive than losing your job.

Last edited by hawkeye (2015-09-02 20:24:04)

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#16 2015-09-02 22:27:50

hawkeye
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Re: Australian Dollars to US Dollars ~ Today Tonight

Credit Crunch wrote:
hawkeye wrote:
Credit Crunch wrote:

The lower AUD is a positive for the Australian economy however.

Only in the sense that getting a big pay cut is more positive than losing your job.

Its a pay cut only if you are taking your holidays overseas or want to buy imports.

It's a pay cut if you want to buy anything that is imported or in some way uses imported goods.   That makes it a pay cut for pretty much everyone since Australia doesn't actually produce much of value beyond the basics.

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#17 2015-09-02 22:37:23

col0016
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Re: Australian Dollars to US Dollars ~ Today Tonight

Credit Crunch wrote:
hawkeye wrote:
Credit Crunch wrote:

The lower AUD is a positive for the Australian economy however.

Only in the sense that getting a big pay cut is more positive than losing your job.

Its a pay cut only if you are taking your holidays overseas or want to buy imports.

Go to Kmart, Woolworths and Bunnings and tell me what percentage of stock is made in Australia from only Australian materials/ingredients.

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#18 2015-09-02 22:38:20

SpacePete
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Re: Australian Dollars to US Dollars ~ Today Tonight

hawkeye wrote:
Credit Crunch wrote:
hawkeye wrote:

Only in the sense that getting a big pay cut is more positive than losing your job.

Its a pay cut only if you are taking your holidays overseas or want to buy imports.

It's a pay cut if you want to buy anything that is imported or in some way uses imported goods.   That makes it a pay cut for pretty much everyone since Australia doesn't actually produce much of value beyond the basics.

Very bad for high tech businesses just starting up and having to import increasingly expensive equipment in an environment where banks are adverse to business lending. Very bad also for businesses that have to retool to stay competitive.


Catus amat piscem, sed non vult tingere plantas

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#19 2015-09-02 22:38:47

hawkeye
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Re: Australian Dollars to US Dollars ~ Today Tonight

Keeping the interest rates low, and making them lower, is only ultimately to protect the property prices (and by proxy the banks).     When people can't afford as much because of the lower dollar, that's the reason why.  You are helping to pay for the great australian property obsession.

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#20 2015-09-03 22:29:49

Golden ChipMunk
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Re: Australian Dollars to US Dollars ~ Today Tonight

1 AUD : USD 0.6983


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#21 2015-09-03 22:33:48

Caput Lupinum
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Re: Australian Dollars to US Dollars ~ Today Tonight

Came on the back of very poor Hong Kong Manufacturing PMI reading which is a reflection on China's manufacturing

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#22 2015-09-03 22:40:21

Golden ChipMunk
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Re: Australian Dollars to US Dollars ~ Today Tonight

Australian Dollar Declines as Retail Sales Data Fuel RBA Rate Cut Bets

The Australian Dollar fell more than 0.5 percent against its US counterpart after a disappointing set of data crossed the wires. The former country's July retail sales came in at -0.1 percent (MoM) versus 0.4 percent expected and 0.6 percent in June. In addition to being the lowest reading since May 2014, it was also the first contraction since then. 


In its most recent statement on monetary policy, the Reserve Bank of Australia mentioned that consumption growth has picked up since its recent trough in 2013. During its September interest rate decision, the central bank maintained language of a data-dependent policy outlook.


The first contraction of retail sales in 14 months probably caught the market off-guard. Looking at Australian front-end government bond yields (2-year), they fell more than 0.8 percent alongside the Aussie's decline. This suggests that the data likely fueled RBA rate cut expectations.

http://www.dailyfx.com/forex/market_ale … -Bets.html


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#23 2015-09-03 22:45:49

Caput Lupinum
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Re: Australian Dollars to US Dollars ~ Today Tonight

Yeah that was yesterday's news.

This is todays

Annabel Fiddes, Economist at Markit:
• "Hong Kong's private sector saw the quickest deterioration in overall operating conditions since the global financial crisis in August, driven in part by steep contractions in both output and new orders.
•Another worrying development was the sharper rate of job cuts in August, with the latest fall in employment the fastest since April 2003.
•The data continue to point to weaker demand conditions amid an uncertain global economic outlook, as fears continue to mount over China's growth prospects.
•The latest set of PMI data signalled that new business from Mainland China placed at Hong Kong's private sector firms dropped at the sharpest rate since late-2008, and remains a key factor weighing on overall new work.
•It seems unlikely that the performance of the sector will improve unless demand conditions pick up, as further cuts to output, staff numbers and purchasing activity suggest that the sector will remain in contractionary territory at least in the near-term."

http://news.forexlive.com/!/hong-kong-a … 9-20150904

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#24 2015-09-03 23:07:37

phrenzy
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Re: Australian Dollars to US Dollars ~ Today Tonight

Another half cent move I missed.

That aside I think if anyone here was planning to exchange cash for a holiday or try and get some sub $20aud silver then that moment has passed, in AUD terms it's all uphill from here. Hope you all got your moment at the buffet while it was on.


R.I.P Khaled Al Assad. One man who few will remember, he died defending humanities legacy.
"Hundreds would die, but not the thing they died for. 'A man can stand up..."

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#25 2015-09-03 23:14:47

Caput Lupinum
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Re: Australian Dollars to US Dollars ~ Today Tonight

I don't share the same opinion. I think the AUD is easily going into the mid 60s over the medium term

Even if the Fed doesn't raise, yes the AUD will pop in the short-term, but until the Fed announces a 180 degree turn on its polices, the deteriorating global outlook and trade will weigh heavy on commodity currencies.

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