IMO the flight of investment capital out of Australia is putting downward pressure
on the value of the AUD:
https://tradingeconomics.com/australia/capital-flows
IMO this has many moving parts:
-anti-China sentiment by our Government & China trade sanctions
-the economic impact of Covid particularly on tourism & foreign student
-the recent bouts of Covid lockdowns in NSW, Vic & ACT
-the downward pressure on iron ore 7 met coal pricing by China
-the likelihood of recession (2 qtrs of negative economic growth)
-massive closures of small businesses.
-the prospect of a housing bubble
- Forums
- Economics
- AUD on the skids
IMO the flight of investment capital out of Australia is putting...
-
- There are more pages in this discussion • 126 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Steven Gourlay, CEO
Steven Gourlay
CEO
Previous Video
Next Video
SPONSORED BY The Market Online