How will Aussie election affect AUD?

so 24 november

http://en.wikipedia.org/wiki/Austral...ection%2C_2007

New poll showing the conservatives are bridging the gap..... were 12 % behind..now only 8 % behind......
There is much talk of an interest rate rise next week as inflationary data shows a requirement to raise... However IMHO it is too close to the election and the RBA will not want to be seen to effect the election, and this would make 6 rate rises in the encumbent gov"ts term.
exciting times in Oz.......Can anything slow down the AU dollar ???

Lending practices here (SE Qld) are every bit as suspect as the US. The brokers here put $0 down, take some extra out on your mastercard, into standard practice.

Demand always has the potential to decline.

China has some interesting natural resource contracts with Iran and may tighten the screws on the locals. Maybe. Maybe not. But local product isn't really "superior" to competitors. Note that resource demand from China will only continue if they have an export market because their internal market can't sustain demand for long. So if the US goes, and the Europeans are correct in forecasting reduced growth because of their own suss lending practices ... then Oz will go down the winding road too.

It doesn't have to happen. But don't discount it.


On the election: never forget that Howard is as cunning as a shxt house rat but he's been making mistakes he wasn't making last time (age is becoming obvious) and who wants Costello?

Abbott and Costello...... Says it all.

AND needed rain in Paradise.