Australian dollar plummets to two-year low
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- เผยแพร่เมื่อ 27 ธ.ค. 2024
- Travellers heading abroad for the Christmas period could be paying more for their holidays.
The Australian dollar has slumped to its lowest level in more than two years today, below 62.30 US cents.
The US Federal Reserve has indicated it expects fewer cuts to interest rates than initially forecast for 2025 - the catalyst for that plummet.
One look at International Exchange Rates and one can instantly observe the damage that has been done by the Albanese/Chalmers government.
Your currency goes down means your country is going shit house😂😂
😢 If the Aussie dollar is falling so drastically then the government should resign.
yes. you have the answer that no one could figure out.
U r smaat
ALP's fault and responsibility 😎
It's been 3 years and Labor have achieved nothing. Educated Australians who are part of the solution will vote LNP next year 👍
Don’t you usually chirp off in favour of Labor ?
Got I hope not….
Vote one nation and GAP party, Gerard rennick
Anyone but the duopoly party
You're correct, Dom. Ignore my weird, broke, uneducated doppleganger!
When Labor imports votes through mass migration and we have a uniparty dictatorship takings its orders from the same elites at places like the UN, the WHO and the WEF one has to ask do we have a democracy anymore and when did we lose it?? The politicians lie to the people to get in, they import votes with mass migration the nation can not support, they create inflation and national problems and pretend to work on solutions to stay in power, do as they please when they are in power and do nothing to fix the problems their uniparty dictatorship made!! The entire system is corrupt to the core and the politicians should be removed and charted with treason but it will never happen!! Anything to do with a Digital ID for all comes into law within a few weeks or less but the real problems take decades to bring laws in so they are addressed and fixed!!
Government's can spend , but the rest of us need to tighten our belts ....awesome
They spend our tax dollars.
@WeveGotBush and Borrow money, have a look at the Australian Debt Clock
Australia 🇦🇺 will be a failed state within a decade. Not if but when
This guy should not claim to be an expert. He is an advocate for left spending.
Hyperinflation. Interest rates need to rise to normal levels 6-7%.
No one I know can afford Christmas.. let a lone a freaking holiday!!
Yet Noosa is beyond full. You need 2K for a weekend at Noosa these days. And that's if you can find any accommodation.
@@williamcrossan9333 That is intended.. there is a growing divide against the rich and the poor!! The problem is the middle class have been converted into the poor and the poor + homeless population has grown beyond what any nation can support!! The fat cats love the inflation because it means they can charge more for the same and get it.. thus.. places like Noosa is full because they have stuffed their pockets full as they benefit from the inflation they had a hand in making!! The question is at what cost and to whom did they obtain that money from?? As I said.. no one I know can afford Christmas and I don't know any of the elites or rich and shameless mob of monsters hey!!
More inflation
You can count on it! All the import is going up in prices.
The government is printing jobs under NDIS, which grew from $3b to $50b in just a decade and its predicted to double in the next decade.
Currently its budget is more than medicicare or education.
Non-government sponsored jobs are not growing.
A ponzi economy was always going to crash.
Disabled are now commodities to be milked with that 'care'.
Correct, Tommy.
Now the disabled are seen as commodities by every person seeking to cash in. Terribly thought out scheme ripe for the picking for every wannabe piranha. Now it is a total feast.
@EducationWillSetYouFree Yes, when 80% of the people on the NDIS should NOT be on it. (I KNOW!)
AND the whole thing has become a Cash Cow Industry.
A Wheelchair pre NDIS cost ~$350 to OWN, Now it costs $330 PER MONTH to Hire.
The Company that imported and manufactured mobility equipment in Victoria was bought out by an arm of Bupa and prices doubled overnight.
That’s going to fuel inflation.
Will end up with monopoly money .but no houses to buy 😂😂
👏😆😆😆
One of the reasons Aussie become poor is that new immigrants are poor and do not bring money into Australia like 10 years ago: nowadays poor new immigrants compete jobs with locals.
10 years ago a lot of new immigrants are from China and Hong Kong under investor or business category who bring a lot of money or business opportunities.
New immigrants just suck on the taxpayer's teet.
Funny money
My money lost value against goods and service in Australia. Outside Australia my money lost value against other currencies. ALL THANKS TO LABOR!!!
I’d have thought with USA dropping rates last night and our rates quite high the dollar would be stronger, our economy must be in a real shambles.
Spending where warranted? On roads that lead to prime minister’s new homes??
It’s because the fed are now expected to make less cuts next year because of their hawkish stance while the RBA are expected to cut rates early next year already, That’s what’s weakening the AUD the most
If Albanese is returned next year...........we will be using the Australian dollar as toilet paper.
I can't believe I have invested in Betashares products in the past. I feel pretty bad now knowing my money has gone to help pay the salary of this big government spending cheerleading buffoon.
Thanks Jim and Albo
$AUD could drop to 50c US by end of next year according to some currency traders and financial gurus
Notice that Australia has the same problems it has always had...including all the left wing squealing that comes along with those problems?
In fact, things are worse than ever, for the worthy and unworthy alike.
Make Australia great for a change: *be an adult and vote LNP* 😎
😆 Ah!! My Favorite. The Doppleganger. 😆
😂😂😂 I thought you're thay bot
This is what happens when government spending gets way out of control. Keating will have to send Albo and Chalmers a few of his bananas.
See..... Albonomics
Anthony”Recession” Albanese
The 3 Western Countries that took it during the nonsense Canada 🇨🇦 (But the Truckers stood up) Aus and NZ you will pay for it!
Useless Australian dollar
Will be pesos soon
Pacific peso
Better than kiwis 🤣
ok. then, how about no more money to Ukraine.
Poor Australians under Albanese 😂
Democracy in action …
Awesome! I'm paid in GBP and am getting AU$2.02 at the moment.
Imagine what the inflation would be for this country which heavily relies on imported goods
All Currencies go to Zero against USD, USD goes to Zero Vs Gold, Gold goes to Zero Vs. BTC.
How exactly does Trumps tariffs affect Australia’s economy? Simple it doesn’t, any weakness in our economy will be down to the Labor government putting pressure on interest rates and inflation by spending money it doesn’t have.
Tariffs will weaken China thus will weaken us too unfortunately, since we depend on Chinas economy quite a bit but yeah you’re kinda right anyway since. It’s because of the government that we depend so much on China
Benefits Australia’s exporters, like gas and coal corporations.
Thinking of the holiday OS? Best check what your Aussie $ will buy before you go because it will be different tomorrow than it was today...
Good one Jimbo.
Play with your currency, see it fall.
Go buy some crypto
gdp standards apply to public infrastructure project or risk government corruption accusation Palestine is not a commonwealth country SN superannuation is not for sportsmeN
Great
Finally some real content instead of Rita's recycled rubbish..😂😂
Every country must immediately ditch the USD and encourage and support alternate currencies like BRICS and BRICS pay system which will not be vulnerable to unfair and illegal sanctions by the US and its allies. BRICS is the saviour of the developing and poor countries of the world. Period 😎😎😤😤😤
Great idea! China will help you far more😂
BRICS??? 😂their currencies are plunging even more than non brics
Better still do what Argentina is doing, Use the US$ as our official currency.
The Australian government seems to want to do away with the AUD , want a Cashless society.
The Banks want it also. People DON'T.
All the Credit Cards are US owned Visa, Master Card, American Express, so why not just use the US Currency?