As we all know the AU$ keeps getting stronger and stronger.
This is not good for those of us planning our move to Oz and looking to externalise what ever savings we may have.
On the other side of the coin, for those of us who have managed to get our funds over to Oz, how long will the $ continue to be this strong?
Most businesses in Oz are affected by the strong $.
Will those in office after the elections look into doing something about this or will they do it before the elections, to halt the job losses?
My question is, will the $ continue to be this strong in the longer run (can the economy sustain the ill effects of a strong $) ?
Should we look at look at hedging against a possible drop in value, thus protecting what ever AU$ savings we may have?
Your thoughts please.