US Pres elections on 6 Nov Also on the same day is the RBA regularly monthly interest rate decision
Is it true if OBama is re-elected the US have a QE3 - which floods the market with US dollars and has the effect of banks, institute putting more money in AUD. Therefore causing a strengthening of the AUD - strengthening not just against the greenback, but the whole Trade Weighted Index.
If Romney wins does QE3 not result and the AUD weakens?
PaperlinX need a much weaker AUD.
I think this is the reason for the delay AGM from 31 Oct to 15 Nov.
BTW I have been research factors that influence the AUS exchange rate - mainly official interest rates, commodity prices (CRB commodity futures index & gold price), outlook on China etc. The US election only happens every 4 years, but this will have an affect on the AUD IMO.
Feel free to add and educate me.
SRS Price at posting:
6.5¢ Sentiment: None Disclosure: Held
