AUD is seen as a Gold proxy at the moment - the globe has hedged into it like there's no tomorrow as its the best cash rate of all industrialised nations - watch it unwind before your eyes should rates drop.
At the hit of the GFC, Aussie went from near parity to 0.60 with 100bps per month rate drops - and that was a time when there was plenty more to invest in 'safely' than just the aussie dollar.
That's what i believe held the property market up and IMO it will happen again.
australia will be a casualty of currency wars, page-20
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)