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Australian dollar hits below 27 baht


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It got hammered again overnight. Its like all the sliding of certain things going on at the moment, ruble, oil, gold, iron -

once it goes past a certain point emotions take over from brains and the tumbles continue. You have to ride these things out, but agree for a tourist not practical.

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"Australia exports very little now its all made in China---Jessi"

Jessi, Please................... blink.png

---------------

"The economy of Australia is one of the largest capitalist economies in the world, with a GDP of US$1 trillion as of 2013

In 2010, Australia registered a $16.8 billion trade surplus, with goods and services exported to more than 200 countries.

http://www.dfat.gov.au/publications/trade/trade-at-a-glance-2011.html

Edited by sanuk711
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Australian government wants to see 0.75 to the US$.

Bad for Australian tourists, great for Australian exporters.

Australia exports very little now its all made in China.coffee1.gif

Consumer goods maybe but they are one of the world's biggest exporters

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Australian government wants to see 0.75 to the US$.

Bad for Australian tourists, great for Australian exporters.

mmmm high season in phuket dosent look afordable this year for too many ozzies.

If it keeps the Cheap Charlies away, that's a good thing.

Pattaya welcomes Australia's itinerant backpacker fraternity to its open bosom.

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Australian government wants to see 0.75 to the US$.

Bad for Australian tourists, great for Australian exporters.

Australia exports very little now its all made in China.coffee1.gif

Funniest thing I've read all day. Thanks for the laugh!

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The sooner the Abbott Government is removed, and responsible economic planning returns - eg increasing focus on renewable energy resources and move away from mining, and economic diversification - the better.

Most Australian economists know that Chinese demand for Australia's coal, iron ore, etc. would have to peak and decline once Chinese growth peaked.

Poor economic planning Hockey et al.

The decline in the A$ will probably lead to greater inflation, greater unemployment, a further slide in the A$ and more misery for us expat Aussies who have most of our financial assets, such as pensions and super, back in Ozland.

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Australian government wants to see 0.75 to the US$.

Bad for Australian tourists, great for Australian exporters.

Australia exports very little now its all made in China.coffee1.gif

Yes, but, it's made with Aussie raw materials.

In addition, what about.......

Iron ore.

Gold.

Diamonds.

Live sheep.

Lamb.

All the different fruits.

Wheat.

LPG and LNG.

Edited by KarenBravo
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USA, USA, USA!!!!!!

don't worry.....simply keep selling oil futures, then take profits near the lows and buy, buy buy!!!

make millions.....so some lousy exchange rate will be meaningless when in your private jet!!!!!

Please elaborate. Thanks.
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USA, USA, USA!!!!!!

don't worry.....simply keep selling oil futures, then take profits near the lows and buy, buy buy!!!

make millions.....so some lousy exchange rate will be meaningless when in your private jet!!!!! sounds good to me :-)

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