Why is the Australian Dollar crashing if aussie's exports

Thread replies: 9
Thread images: 2

Anonymous
2016-01-21 19:16:29 Post No. 1053212
[Report] Image search: [Google]

File: Abbott.jpg (39KB, 620x682px) Image search: [Google]

39KB, 620x682px

Anonymous 2016-01-21 19:16:29 Post No. 1053212 [Report]

Why is the Australian Dollar crashing if aussie's exports are not based on oil like Canada for example?

Anonymous 2016-01-21 19:19:37 Post No.1053216
[Report]

Anonymous 2016-01-21 19:19:37 Post No.1053216 [Report]

>>1053212
Oil isn't the only commodity in the shitter, OP. What does Australia export?

Anonymous 2016-01-21 20:58:17 Post No.1053375
[Report]

Anonymous 2016-01-21 20:58:17 Post No.1053375 [Report]

>>1053216
food

Anonymous 2016-01-21 21:02:30 Post No.1053380
[Report] Image search: [Google]

Anonymous 2016-01-21 21:02:30 Post No.1053380 [Report]

File: OzzyExports.png (68KB, 960x591px) Image search: [Google]

68KB, 960x591px

>>1053375
Top Australian exports (see pic)
>Iron Ore
>Coal
>Education Travel Services (lolwut)
>Gas

The majority of these have plummeted in value on global markets.

Less demand for these goods, which must be purchased in Australian dollars, results in less demand for the dingobucks. We know coal, iron ore and gas have been plummeting.

Anonymous 2016-01-21 23:11:34 Post No.1053548
[Report]

Anonymous 2016-01-21 23:11:34 Post No.1053548 [Report]

Weakening against USD? Maybe it's just the USD getting stronger?

Anonymous 2016-01-21 23:23:53 Post No.1053557
[Report]

Anonymous 2016-01-21 23:23:53 Post No.1053557 [Report]

>>1053548
I'm >>1053216 and>>1053380 and please just accept that less demand for Australian exports weakens the Aus$ against a basket of currencies.

Of course, currencies like the Ruble have suffered more due to even worse exports .

Anonymous 2016-01-22 03:37:45 Post No.1053938
[Report]

Anonymous 2016-01-22 03:37:45 Post No.1053938 [Report]

>>1053380

Why doesn't that chart include real estate (ie. money laundering facilities) as an export?

Anonymous 2016-01-22 03:43:06 Post No.1053943
[Report]

Anonymous 2016-01-22 03:43:06 Post No.1053943 [Report]

>>1053212
It 'should' hover around the 70c mark

Sadly I didn't buy enough when it was $1.10, nor did I sell when it was @ 55c

Anonymous 2016-01-22 05:32:56 Post No.1054123
[Report]

Anonymous 2016-01-22 05:32:56 Post No.1054123 [Report]

Your economy is linked to China's, basically. They buy the majority of your mining exports.

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible. Read more on this topic here - https://archived.moe/talk/thread/1694/

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible.
Read more on this topic here - https://archived.moe/talk/thread/1694/