canadian and aussie dollars

[cottonpicken]

My 2 cents is canada has bigger problems then the simple oil and our currency relationship,although it adds insult to injury and as the western worlds currencies are burning people are flocking to the perceived safety and liquidity of the usdx.

I'm quite happy the way food stuffs have held up,nice to be inelastic in this period of time.

Gobs of capital are being liquidated in the bond market,its looking for a home and in a relative terms it wont take much to move us.

Agree with Hop,never understood the "we want a weak currency"-makes no ****ing sense.

[malleefarmer]

Another area identified by the RBA as "a significant source" of risk is a constant one - the still high level of the Australian dollar.

Despite recent falls to around 85.5 US cents, the RBA says the dollar remains "above most estimates of fundamental value" and that a lower currency "would achieve more balanced growth in the economy".

Last week's decision by Japan's central bank to ramp up its stimulus is now a fly in the RBA's ointment in terms of taming the dollar.

The RBA worries that funds from Japan will come to Australia looking for a high yield home and, as a result, "could hold the Australian dollar at a higher level than real economic fundamentals would imply".

Put simply - the RBA says the dollar might appear to be falling, but maybe not as much as it might appear.

[mbdog]

gotta say...you 3 cab turn it up a notch if the question is asked. good opinions/perspectives....right or wrong. Respect that.

[mbdog]

...weak currency spells broader weakness and the means to deal with it. Yes/no?

[sumdumguy]

Mallee, can I invest my money in Australia for high yield? Are you friends with your banker? Do I need an address in Australia?