Jump to content

mfd101

Advanced Member
  • Posts

    5,378
  • Joined

  • Last visited

Posts posted by mfd101

  1. 59 minutes ago, ExpatOilWorker said:

    Rising iron ore prices, Australia’s success in containing the novel coronavirus, global optimism with the advent of successful vaccines, and positive surprises around its economic recovery have fueled the Australian dollar’s rally.

    Yes, all of that. And, as I understand it [but I don't really understand the technicalities], Oz government bond buying by major international banks - consequent on huge Oz government stimulus spending - is also starting to drive up the Oz $. This will have negative consequences as interest rates start to rise in a year or 2, with further Oz dollar risings then, and huge repayments of debt still to follow at higher interest rates ... Being the Oz Treasurer over the next few years will be an interesting experience for Freudenberg, assuming he lasts.

    • Like 1
×
×
  • Create New...