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moorookamick

23,927 Posts.

770

15/01/25

10:53

Post #: 77411753
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Originally posted by moorookamick: ↑

Dont kid yourself. Our AUD is a commodity currency and a proxy for
our mineral/energy exports particularly Iron Ore met Coals & LNG.

China is the biggest user of all 3 so if we are blocked via US
trade sanctions from exporting to China, then as sure as
night follows day, the ass will fall out of the AUD.

Forget the normative situation; we are heading for turbulent
times economically once Trump gets his ass in the chair.

And even with the best case scenario: that is if Trump avoids an
all out economic war with China, he is likely to redo the January
2019 bilateral trade deal with China on steroids.

The Trump Jnuary 2019 bilateral trade deal with China resulted
in the US replacing Aus ag and coal/lng exports to China with US exports.
Then those included barley, wine, fish, select beef & forestry products
and it has taken the Albanese Government almost 3 years to reverse.

These severely impacted our economy on top of Covid.

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PS: Here's a qoute from the RBA re the AUD value varying
as per the price of our export commodities/terms of trade:
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