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Aussie Dollar at a Two Year Low

#finances $AUD #heisesays
The Aussie dollar is at a two year low.

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  1. Unless you believe ASIC does a good job and Australia has a free market economy – maybe the word has gone out to the selected few that interest rates have risen too much and the RBA will not be able to follow the US federal reserve

  2. AUD as well as other currencies like GBP, JPY etc are all currently at massive lows against the USD. Might this mean that these countries need to significantly up their interest rates to compete with what's happenning with US rates? We are caught between a rock and a hard place.

  3. Heise – We need to join Brics, send the inflation (USD) back to USA.
    FYI – Biden didn't go to Saudi Arabia to buy/secure oil, he was begging them not to join BRICS. Petro dollar is dead.
    👍🤠✌🇦🇺

  4. Whilst a lowish Aussie dollar has some advantages, it's likely getting a bit too low now.
    Petrol could hit $2.50 under the right (or wrong) circumstances.
    Although, only airline staff will be affected. The rest of Australia is becoming crazy rich.

  5. The RBA was allowed to print $500b AUD (25% of GDP) in 2 years by the the adults in charge
    What do you think that would do to inflation?
    Well, someone else is in charge so it's their problem… And all of us

  6. Western developed economies have kicked the can down the road for the last 2 decades, printing money to avoid recessions.

    There is no road left. Collapsing currencies and inflation is the proof.

    Now we will get all the past recessions avoided, combined into one or we'll print money into hyperinflation.

    Great job central banks, cantillion effect works well. A holes.

  7. Will get lower. The global economy is as tangled as a snake pit. USD policies have the biggest say and there foreign debt. Worst part is its not linear but parabolic! We focus on a market but the economy is made up of the SUM of many. Distortions everywhere!

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