Share on Facebook Share on Twitter Share on Reddit + - Australian dollar tumbles to lows By Houses and Holes in Australian dollarat 10:54 am on April 2, 2015 | 22 comments Only a few pips from a new low… Share on Facebook Share on Twitter Share on Reddit + - YOU MAY ALSO BE INTERESTED IN Austrian fundies attack RBA "currency debasement"From the AFR comes rent-seekers HughSpecial Report: Gerard Minack on Australia's great unbalancingThe good news for Australia is that headwindsGoldman: Stay long US dollarsFrom Goldman today: We became Dollar bulls inIs the Aussie dollar set for takeoff once more?According to the AFR it is: It wasn't Comments MJV April 2, 2015 at 11:03 am It’s got nothing to do with rates. Pantone April 2, 2015 at 11:10 am We’ll all be rooned. paulF April 2, 2015 at 11:25 am what’s pushing it down?! Job vacancies release wasn’t bad! Simplicity April 2, 2015 at 3:46 pm AUD trade balance (feb) comes in @ -$1253 million beating market expectation of $-1300millon. The real kicker is that January was @ $-900 million.. flawse April 2, 2015 at 3:49 pm No simplicity – the real kicker is that the Current Account Deficit for the month would be around $3.5 BILLION.- and this is in a short month! Simplicity April 2, 2015 at 4:21 pm Can’t find those numbers flawse, but what do you reckon will new York break support tonight? If they do where to for the aussie? flawse April 2, 2015 at 4:35 pm Simplicity – I’m no trader – bit busy doing what I do. So I have no opinion.re the CAD number itis just that it is, consistently, 2.5 to 3 bill moe in deficit than teh Trade bal numbers. The hooha over the Trade Balance numbers annoys me as I believe it is used to hide the real tragic numbers in teh CAD – part of pulling the wool over the eyes of the Aus people that everything is OK.. Nevertheless I agree with your prognosis – the wind is dropping out of this sail! As an importer it effing hurts although I have a bit of cover there is only a certain amount one can do. I’ve been working on an export business for a couple of years – we’re about to start selling – except it is out of New Zealand – still if we make a quid the conversion will still work. paulF April 2, 2015 at 8:39 pm thx for that guys Cornflakes April 2, 2015 at 11:38 am Back up above 76 now. Andy! April 2, 2015 at 12:33 pm Foreign investors say “fk yeah!!” Frank April 2, 2015 at 12:57 pm Which ones ? The ones buying our dairy or beef ? Andy! April 2, 2015 at 1:23 pm Anything & everything I suppose… was referring to houses since we manufacture/produce nothing else. If only we could find a way to keep coffee hot and curdle free for a few weeks… StatSailor April 2, 2015 at 3:57 pm What does a rapidly falling Australian dollar say about the numbers of O/S investors changing their money into AUD? flawse April 2, 2015 at 4:20 pm Stat – your question comes from some tidbit of information? What’s your observation? AngryMan April 2, 2015 at 12:58 pm https://au.news.yahoo.com/thewest/business/a/26917225/two-more-combat-ships-for-austal/ I guess it helps some. Annoys the hell out of me though. dennis April 2, 2015 at 2:30 pm I’m sure it’s American workers are very happy! 🙂 Simplicity April 2, 2015 at 2:28 pm If it breaks support then watch out. I said to a friend the other night if it breaks support this soon then consider that to be the biggest signal that Australia is fucked. Straya is starting to make that woooshing sound… And it’s not foreign investors entering. F April 2, 2015 at 3:17 pm It’s interesting – if you look at the long-term charts, the GFC crash and recovery is obviously just a blip in the mining investment boom arc of the AUD. Taking that in to consideration, we’re actually back to 2006 levels, not 2009. Lemme C April 2, 2015 at 5:21 pm I can’t figure out which will implode faster: the Aussie economy or the US or the Chinese or the Japanese or Europe. Simplicity April 2, 2015 at 7:40 pm Euro session testing support, Aud will lose 1% tonight. Gunnamatta April 2, 2015 at 8:46 pm Yep, down to 0.7558 right now. If you were in Europe or the States you wouldnt want to be sitting in AUD over easter, last thing you would want is to get out of bed tuesday and discover the RBA has gone overboard rates wise or really talked the currency down. Simplicity April 2, 2015 at 10:17 pm Exactly Triple whammy this week continuous decline in commodities beyond what any bull can bullshit their way out of. (kouk example) Holiday liquidity buying up usd RBA decision early tuesday with high expectations. I wouldnt normally suggest this but if we get a nice break past this support consider putting a nice long term short in place. Its my honest opinon that there will be a very strong resistance made at this price apon any future bullish moves. Anywho theres a smile on my face this evening, im sure everyone can guess why 🙂 Cheers guys, Happy Easter!