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[Dunia] Salah najib, matawang AUD susut nilai....!!!

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Post time 8-8-2015 07:25 PM | Show all posts |Read mode
What does a lower Australian dollar mean for consumers?





The Aussie is losing the popularity contest against the US dollar.


A plummeting Australian dollar may sound like a bad thing, but it's actually good news – buying a television could be more expensive but at least jobs will be easier to come by.

The Australian dollar has been in freefall for the past four months, plunging from US94¢ in early September to a five-and-a-half year low of US80.33¢ this week.

That's because the Aussie is losing the popularity contest against the greenback as the US economy strengthens, raising expectations of interest rate hikes there, JP Morgan economist Tom Kennedy says.

The currency is also realigning to where it should be, given the sharp decline in commodity prices, he said.

A lower currency pushes up prices of goods and petrol for consumers, but it's good news for the economy overall, Mr Kennedy said.

"The very high level of the currency has been a big handbrake on the Australian economy over the past couple of years.

"It's really weighed on the export sector, it's really weighed on tourism and those businesses that have a large exposure to offshore competition."

A lower dollar makes Australia more attractive to international tourists and encourages Aussies to travel at home rather than abroad.

It also gives exporters a leg up, giving their goods an advantage compared to economies with higher currencies, Mr Kennedy said.

Although prices of goods may go up for consumers, the economy will be in better shape, which is good for everyone.

"At the consumer level, a lower Australian dollar certainly eats into purchasing power and directly, is not overly beneficial for consumers," Mr Kennedy said.

"But given the fact that you get stronger growth, tourism, better manufacturing, that really does lift economic growth and a rising tide does lift all boats.

"The structure of the Australian economy is going to be better, you'll have a lower jobless rate, stronger growth and things will feel a bit better, which is what we've been missing in the past couple of years."

Westpac senior currency strategist Sean Callow said the Australian dollar would pick up in the second half of the year.

The currency may reach US78¢ in the first half of 2015 but will bounce back to finish the year at US85¢, as the Chinese economy picks up, giving commodity prices a boost, he said.

The median forecast is for the Australian dollar to finish the year at US77¢, according to a recent AAP survey of currency traders.

AAP



Read more: http://www.smh.com.au/business/m ... .html#ixzz3iDoZdCeA
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Post time 8-8-2015 07:42 PM From the mobile phone | Show all posts
Iols pcaye economist jp morgan ni org najib ni, mcm sesuatu sgt bile currency jatuh good for tourism la, export excellerate la, jarum2 halus melayu ni
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Post time 8-8-2015 07:52 PM | Show all posts
Najib betu akhirnya..... kita di landasan yg bethol
Ihdinas siratul mustaqeeemmm kata penderma Arob
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Post time 8-8-2015 08:43 PM | Show all posts
apsal nak percaya jp morgan ? tu pun salah tu penyangak matawang tu.market manipulation.. front running. huhu
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Post time 8-8-2015 11:10 PM | Show all posts
adakah apabila australian dollar melingkup maka ringgit malaysia akan naik?
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Post time 9-8-2015 12:15 AM From the mobile phone | Show all posts
...hamdalah, daging kangaroo jadi lebih murah...
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Post time 9-8-2015 02:52 AM From the mobile phone | Show all posts
sepandai pandai kangaroo melompat , akhirnya aud jatuh jua

mebi mat kepit patut tawar tom kennedy jawatan sbg penasihat pr dia menggantikan white trash party animal tu
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 Author| Post time 9-8-2015 05:21 AM | Show all posts
apasal korunk dengki sgt dgn PM dapat derma RM2.6b?
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