AU$ stronger than the US$

[Rukas]

Wow, fuck, I woke up to an Australian dollar that is stronger than the greenback right now.

Ebay shopping spree time!

 

[Duke]

Is the AUD doing so well or the USD doing so poorly?

If someone asked me 5 mins ago I'd guess that a USD would be worth about 1.4 AUD.

 

[Da_Funk]

^In a nutshell, countries have been de-valuing, so to speak, their currency in the hope that the value of their exports will go up since all the money they spent trying to fix the economy didn't fix the economy. This has all but started a currency war, mainly between the United States and China.

The main topic at this weekends G20 meeting needs to be about how to avert this currency war or were all going to be in big trouble.

 

[Jokerman]

Dollahu Akbar!

 

[masta247]

The American has been going down for quite some time now and if you ask me it'll keep going down in the nearest future.

A very similar thing happens to the British Pound. We can get almost 2 pounds for the price of 1 pound from a few years back but that's also thanks to our magnificent economy

 

[ARon]

I still don't know why Bernanke said he plans for the Feds to inject more dollars into our market. Yay for inflation I guess?

 

[Pittsey]

The American has been going down for quite some time now and if you ask me it'll keep going down in the nearest future.

A very similar thing happens to the British Pound. We can get almost 2 pounds for the price of 1 pound from a few years back but that's also thanks to our magnificent economy

Thanks to our brilliant economy... You're countrymen are coming here and sending the money they earn to Poland....

 

[masta247]

Thanks to our brilliant economy... You're countrymen are coming here and sending the money they earn to Poland....

Yes that too
But that's what usually people from the lowest socioeconomic classes from small towns and villages do. Apparently it's easier to get a decent paying job while being a bum in England than here. Your minimum wage is way higher and high minimum wage is what usually cripples economy

 

[_carmi]

the CAN$ = the US$. I hope the US$ goes further down, I'm planning on going to NYC in the next 2 months

 

[Da_Funk]

Believe me people. The US dollar being this low is not a good thing. No matter how awesome you think its going to make your shopping trips.

 

[S O F I]

I still don't know why Bernanke said he plans for the Feds to inject more dollars into our market. Yay for inflation I guess?

There's no political willpower for more fiscal stimulus so the Fed has to act through QE (printing more money to buy gov't bonds) to increase liquidity in the market. The dollar fell in anticipation of this. Cause of US' low yields, investors are flocking elsewhere and propping up the emerging economies' currencies.

Also, there's no risk of inflation. Inflation is too low, unemployment too high.

 

[masta247]

^I see someone taking Macroeconomics classes, or just common knowledge from business news? What do/did you study?

 

[S O F I]

A bit of both. The last sentence is straight up from the news. I have a degree in Business Administration, with a major in Finance.