WELL I've been watching the dollar every week or so...
waiting for it to go UP....
BUT... its gone the other way....
DOWN.....
and its NOT looking good...
even though the EURO took a dive...
the US DOLLAR is just too strong...
I'll just wait and see what happens....
I have some VW parts sitting in the USA....
should have gotten them sent a few weeks ago...
LEE
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yeah my guess is it will bounce back at some stage
Someone was saying on here a few months ago that they thought the Oz dollar would being going up and soon match the US dollar. Not looking good.
Kev
[size=4]Hi Kev
It peaked a bit over a week ago at 96c for about an hour before going DOWN again....
USA prices getting MORE expensive....
Maybe We should be buying from EUROPE... EURO... ??
LEE
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I was going to buy some product from the states last week.... Its still better than a couple of years ago at 65c... ahh it will come back....the price you pay for living somewhere that is this good.
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Markets are panicing, and we can only hope they stop. Allegedly they're spooked by Kevin's Resources Tax, but I think they're all jitterey because
of Greece (and Spain and Italy and so on and so on).
Fundamentally our economy is still strong, and we've still got a lot of stuff to dig out of the ground, so we should be OK. It's just strange the
the greenback has got stronger, because their economy is anything but strong, and will continue that way until they manage to stop spending billions
in Iraq and Afghanistan.
But yes, Europe is starting to look much better to buy parts from. CSP LED tail lights here I come 
Craig
Perfect timing for our trip to the US next Friday for the Classic etc.......NOT! 
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posted by Dasdubber Perfect timing for our trip to the US next Friday for the Classic etc.......NOT! |
I panicked!
And ordered parts from CSP!
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81 cents US on yesterdays US stock exchange
even though the US stocks all went down yesterday...
Dow was down 300 points at one stage...
and Euro is having problems...
but it seems nothing can save Our Dollar....!!!!
fingers crossed....
Lee
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It's not the US dollar that is strong Lee, but that countries are now selling our dollar because of it's strong value to get what they can out of it. This sell-off has a roll on effect across other countries. Of course it's all centred on the GFC, so all we can do at the moment is watch. I've got another US trip coming up, but thankfully I'm not paying for it.
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| Originally
posted by Dasdubber Perfect timing for our trip to the US next Friday for the Classic etc.......NOT! |
I have been following allot of reporting what was said above is what I am hearing too. Though the buying of the US dollar is more of a natural
reaction rather than common sense, as its always been the default currency. Its more of a lemming effect. Places like australia (without being
spooked by the tax) should really be gaining. But when you have a mass selling fo aussie dollars, the value will plummet.
I actually happy, I earn USD and send them home to australia. so US parts prices don't change and aussie parts become cheaper (so does my mortgage!)
Typical, CB performance has been OOS of the wedgeports that I want and now the $$ drops !
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Tha Aussie dollar fall has nothing to do with the Euro situation, in fact, it was stronger because of it. There was the initial panic, but Australia
was not involved in the bail out of Greece.
Gotta hand it to Team Krudd. They have spooked the mining investors on the back of weak demand for resources, basically kicking them while they are
down. This mining super tax will finish them off. If it goes ahead, the miners will be back to pre-boom days(aka mid-late 90's, remember those?).
They have no idea that China has bought many mines around the globe when the financial markets crashed in 08, especially in africa, so it is basically
tipping the Australian market over the edge in terms of being uneconomical to purchase from.
What does this mean for us? The Aussie dollar may revisit those sub 50 cent values as it will be worth nothing without mining demand, the housing
market will be tipped on its lid as demand will crash due to money entering the industry through mining falls away.... I guess it is for minimum wage
earning "working australians" as Julia says.... and it will revert to just that for many- should be more like "keeping Aussies poor". It will not
affect those who get off their arse and do something constructive with their lives... Thats my rant, feel free to agree or argue it. Reality is, it is
already happening.
Dyno , if its Rudds fault because of the Mining tax ...... How come practically every currency has fallen against the USD?
Our vulnerability is due to our economy being based on resources. When other economies are doing well and our product in demand the AUD is strong .
When there are issues in other economies our $ is barometer to these issues. The USD and gold are old friends in troubled times and safe money flows
there.
You suggest that China is buyiung mines everywhere. . they are not , they buy shares in mining companies not mines . Around the world as in Australia
minerals are sovereign and owned by the state they are leased out to mining companies not owned by them,
I do believe that this government has stuffed lots up including selling this tax. Not stated is that the 40% tax is on super profits that is
exceptional profit and will only be a revenue raiser when there is a boom in the mining sector when this are quite it will not apply . It also is
not a fully additional tax and replaces the current state taxes imposed ( companies get a rebate or credit ) so is less of an increase than seems.
Mining companies dont own what they mine we do we should get a better share when there are "super" (ie extrordinary profits).
Lastly if mining tax was such a real threat to mining companies how come the CEO of BHP just bought himself another 2,5 M$ in shares? And one of the
liberals also made large mining buys last week?
Thats also the reality and is happening.
Mitchell
All I can say is don't get me started on Krudd and my list of purchases from the US just got put on hold. Looks like my money will be going onto the mortgage for the foreseeable future and that case of gear I was going to bring back from the US in Oct may not be happening. Fingers crossed the dollar bounces back by the end of the year when I may be over in the US......please
Yeah its a pretty big dive, I really noticed the difference between ordering my type 3 interior 3 weeks ago, and having to pay shipping now at
something like 12-14c in the dollar less. Sucks but you get that, life goes on and the VW will still get done.
Not interested in politics,
Location all fixed for you autobug.