Australian Dollar during the 1997 Asian financial crisis

Performance of the Australian Dollar during the Asian financial crisis. The falling Dollar acted as a buffer, protecting the Australian economy from the Asian contagion.

AUDUSD 1996-1998

A similar 25% fall from today’s 72 US cents would offer a target of 54 US cents. No science to this. Simply speculation.

2 thoughts on “Australian Dollar during the 1997 Asian financial crisis

  1. Sam says:

    Is this speculation your current “mos likely” scenario?

    As a contrarian thinker, the extreme bearishness surrounding the AUD has me wondering if the opposite will happen. In suing that, for the life of me I cannot see any fundemental reason for it to rise in the mid term.

    Will be watching in earnest.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s