Quote:
Originally Posted by AdultKing
If the US defaults, the Aussie dollar will go even higher than it is now.
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Im no so sure about that. If the US default results in a global economic slowdown, which in turn means lower exports for China to say US and Euro. Then you have as a result, a lower demand for commodities.
Australia's economy is driven largely by demand for commodities, especially from China. Plus if there is a global slow down its a risk off trade and thus traditionally not great for Aussie dollar.