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Hello everyone,
I thought I would start a thread which could help to predict what is going to happen with the EURO/AUD because of
the changed situation looking at independence from russian fossil fuels by replacing them with increased imports from Australia. I think this could happen right NOW. Since the EUR/AUD of 1,55 already fell i put all my Euros in this currency. Also to trade a few Australian stocks.
Would there be interest in this thread is my main question ? For me i would like to know how expensive the AUD could become and if there is a manipulation from European Central Bank possible to keep the exchange rate at a certain level to prevent imports from Australia from becoming too expensive.
The World sanctions on russia are just starting to take effect. so this could be a good chance for good currency gains without any leverage risks.
I am from Europe..thats why, but for you lucky people from Australia its cool too to see your cash having a value increase of...xxx percent
