AUD is weak but done intentionally by the RBA.
Canadian dollar and NZ dollar also moving lower while USD showing more strength against these currencies.
AUD is almost reached the lower bound
of its historical lows around 58 cents.
RBA will not raise rates until AUD makes
new lows (under 50 cents)
RBA is trying to create higher inflation in Australia by keeping the AUD weak.
Petrol is still cheap at about $2/litre.
Still cheaper than a coffee from cafe.
Still much cheaper than a bottle of water
or a can of coke.
Don't know why the news focuses on petrol prices when the reality is petrol in real terms is cheaper than in the 1980s.
Canadian dollar and NZ dollar also moving lower while USD showing more strength against these currencies.
AUD is almost reached the lower bound
of its historical lows around 58 cents.
RBA will not raise rates until AUD makes
new lows (under 50 cents)
RBA is trying to create higher inflation in Australia by keeping the AUD weak.
Petrol is still cheap at about $2/litre.
Still cheaper than a coffee from cafe.
Still much cheaper than a bottle of water
or a can of coke.
Don't know why the news focuses on petrol prices when the reality is petrol in real terms is cheaper than in the 1980s.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.