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Why is Australian dollar behaving like emerging market currency in 2018?

Discussion in 'Forex and Cryptocurrencies' started by helpme, Sep 10, 2018.

  1. helpme

    helpme

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    [​IMG]

    It shares the same "humiliation" as Indonesian rupiah and Indian rupee in 2018. This is quite unbelievable given that Australia is a developed country and extremely resilient economically. Its resilience can be seen by being recession-free for the past 25 years.

    What happened in 2018?
     
  2. greggles

    greggles I'll be back!

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    Here's Morgan Stanley's explanation:
    More here: https://www.businessinsider.com.au/...lia-dollar-rba-rate-cut-morgan-stanley-2018-9
     
  3. sptrawler

    sptrawler

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    Well you would have to agree with that prognosis greggles. :xyxthumbs

    We want to have a first World currency, with a third World economy, electricity unreliable and expensive, wages high output low, debt high and becoming more unaffordable.
    Sounds like a slide to me.:roflmao:
     
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