Aust dollar

colroe

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Jul 22, 2016
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come on you money wizards, the Aus dollar now at 9.8!!! Whats going on? A few days back it was under 9
 

jstar

Mr. 10,000
Joined
Jul 31, 2016
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4,305
Mainly because the current crisis entails leaving the currencies of developing countries. And the USD (which is used as calculation between any other currency and the IDR) is considered to be a safe haven.

Btw, even major currencies can be hit, for instance because of dependency on tourism, oil or imports. And then they can have an impact on each other again, for instance a lower euro stengthens the dollar.
 

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