Was only looking at the EUR/US 10 year chart laast night as been in Europe a couple of months and there not to impressed here there currency being smashed here against the $US.
Fortunately the low $Aus probably has a net benefit on our balance of trade as we are very dependent on agricultural and mineral exports to keep Australia going. Probably a good thing our imports costs go up as im sure im not the only person who buys 3 of the same item from our main trading partner up to our north' knowing 1 simply wont wirk 'the second will break and you have your fingers crossed the 3rd will last until you can get back to the store to buy another 3.
Is a little sad we manufacture very little in Australia anymore so buying quality and paying a little more is simply not an option. Was a little scarry when i went into office works during covid and at one stage the shelves were near empty as we had no ships in ports. Maybe oneday we manufacture something again as its a bit scarry when a certain country can say no more shipping containers to Australia and then what. We seem extremely reliant on one trading partner where in Europe they h ave options but the products are of decent quality at reasonable prices
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