AUD sliding downwards ?

[Queen Seok Duk]

Looks like AUD has depreciated against SGD.

 

[johnny333]

Looks like AUD has depreciated against SGD.

The AUD has been sliding along with the EURO.

That new tax of 40% on commodities has contributed to alot of uncertainty.

 

[Queen Seok Duk]

The AUD has been sliding along with the EURO.

That new tax of 40% on commodities has contributed to alot of uncertainty.

Will interest rate slide in tandem ?

 

[johnny333]

Will interest rate slide in tandem ?

I doubt it. The Aussie just recently upped their interest rate. They're more worried about inflation. They may keep it unchanged the next time around but I don't think they'll cut the prime rate.

Many factors move the Fx market, e.g. risk aversion. With the troubles in Europe people are moving funds into safer currencies like the US$ & Swiss$.

Who knows what's going to happen next. There's alot of fear out there. It makes it hard to make educated predictions.

 

[zuoom]

was thinking more along the lines of the commodities. basically fueled by China. and with China slowing down quite a bit on those massive projects, demand for the iron ore would dip n that's where a fair bit of the commodity is in.

 

[Ash007]

AUD has been stabilised around the $0.82USD mark the last week or so.