AUSTRALIA’S dollar is set to rise against the euro on Monday, but the value of your Australian dollar is likely to remain the same as it is today.
The currency is set for its strongest day since May, when the Australian dollar hit a record high of $US1.2188 per US euro, according to a Reuters poll.
Australia’s dollar is expected to rise 0.1 per cent to 1.05 euros, or 0.7 per cent above its current level.
A strong US dollar would have helped the Australian economy, but investors and some analysts expect it will remain below its levels, which have been above $US3.40 per euro for the past year.
“It is a tough day for the Australian exporters and producers, especially if the Chinese are looking to cut into their exports,” says Robert Stott, chief economist at Macquarie.
China is likely targeting its currency to maintain market confidence in the coming year, and the US Federal Reserve has been cutting interest rates, making it more attractive to foreign investors.
Stott says the Australian pound will rise against other currencies, including the Japanese yen and the Australian dollars, as the dollar strengthens.
But he says investors will need to keep an eye on how the US dollar performs in the next 12 months.
“[The US dollar is] likely to stay strong for a while but we are definitely going to see more weakening in the US,” he says.
Inflation will rise as the US recovers from a recession and as the Federal Reserve moves to tighten monetary policy, which means it is likely that the Australian government will raise interest rates.
If interest rates rise, the dollar will be weaker, and this could lead to inflationary pressures.
Mr Stott says investors are also likely to be concerned about the impact on exports, which could lead them to increase spending.
Investors are also concerned about a possible devaluation of the Australian currency.
Australian dollar to rise, dollar to fall: Reuters poll: AUSTRIA’D DUTY AUSTRAIL FORCE ON THE STAGE If you are an Australian exporter or a producer, you could lose money on imports or other items.
For some, it could be worth it to get a good discount, such as on a holiday.
While the value in the Australian Dollar could rise or fall depending on the outcome of the election, it will likely stay the same.
There are no clear signs of any immediate impact on Australian expatriates, and some may be able to access the country at a reduced price.
However, a weakening dollar and rising interest rates could lead the Reserve Bank to raise interest payments.
It could also mean that you might be able buy some products or services with the Australian Dollars.
Some expats and producers may find it difficult to find work in the future, as they may be less attractive overseas.
STOP TWEETING, SAY EVERYTHING AUSTRIAN EXPAT AND PRODUCTION AUSTREDIANS have a duty to be on Twitter, Facebook and Instagram to keep up with developments in the political and economic world.
Many of the tweets and posts from expats in the United States, for example, could be of concern to expats here.
On the other hand, expats could have a tough time making their voices heard in Australia.
Australians tend to use social media to keep in touch with each other and to get the latest news from around the world, but they can also be frustrated by what they see.
That can have an impact on how they think about political and social issues.
Social media is a powerful tool to spread information.
You should take every opportunity to be visible and to share information in a timely fashion.
Be active on social media, but be mindful that it is a good idea to check your profile often to be sure you are not sharing information that could be deemed inappropriate.
As a social media influencer, you can be a source of support for your country, whether it is the President or a politician.
Don’t share things that you don’t agree with.