AUD is headed down ..over the next 3 years to 50c ..
as population ages ..the economy struggles with falling retail sales..
housing boom collapses as retires offer more homes for sale ..to move into nursing home care...increases in large homes on offer from elderly transitions + Death .
the falling AUD will show exchange losses on Property owned by Chinese in oz ..so they will slow purchases until AUD bottoms out.
Gov enforcing Chinese buying of ONLY Newly built property ..will help add to supply.. .reducing rental + price pressure.
as housing cools . retail sales cools .. elderly retire in droves to live on a pension ..the economy will slow down ..RBA rates will fall .. AUD will retreat to 50c
surviving IO miners will do very well at Aud 50c .
AUD headed to 50c in 2016/17
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$21.90 |
Change
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Mkt cap ! $67.42B | |||
| Open | High | Low | Value | Volume |
| $21.92 | $22.11 | $21.82 | $224.3M | 10.10M |
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| No. | Vol. | Price($) |
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| 4 | 3932 | $21.89 |
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| $21.90 | 400 | 1 |
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