Zimbabwe suffered a blow to their currency in 2009. The Zimbabwe dollar no longer exists. Did you know in 1980 Rhodesia gained independence in Africa and was renamed Zimbabwe? What happened in the 80s has in some ways affected how the current forex market works including forex Australia. The 1980s marked other things like the Iran-Iraq War, first orbital flight of a space shuttle, and a massacre in Syria with over 10,000 deaths. You might think Syria and trouble sounds familiar. It should; Syria is in the news in 2013 because of a massacre of people by chemical weapon. Do you wonder what might be different between then and now? Find out.
Forex Australia Trader’s Decide Positions on News
Fundamental data like the news is important to establishing a trading position whether you trade in the forex Australia market or Europe. In the 80s the current free floating system was still getting some kinks worked out. In 1983 the AUD was gaining its free floating system.
Bombings kept happening in the Middle East like the Beirut bombing of the USA embassy. Hong Kong was given back to China after a long British occupation. Gorbachev was in power in Russia and Brazil was freed from dictatorship. These events though small to forex trading were still the foundation for some of the political and economic movements of today.
Just like disasters in Chernobyl and with the Challenger, forex Australia can feel the effects. Chernobyl is still a site of turmoil because of its radioactivity. It also showed the world that radioactive elements are dangerous to those on the receiving end and also to those trying to create them. The 80s did not go unnoticed in the stock market since 1987 marked a stock market crash that rekindled fears of the Great Depression. The crash showed that even with modernisation financial markets are still vulnerable. Things continued to happen throughout the later 80s like the population hitting 5 billion, the Channel Tunnel being built, Tiananmen Square Massacre in China, a new emperor of Japan, and the Exxon Valdez Oil spill.
Forex Australia Impacts of the 80s
You might notice that a lot of what is above circles on Asia, the Middle East, Europe, and the USA. Yet, there are many other countries like Brazil that saw changes towards a better time. Forex Australia was also seeing changes in China, which has always been a major receiver of Australian exports. The biggest things to happen in Australia were the free floating currency and the release of a dollar coin. Largely untainted by world happenings Australia still sees an impact in forex Australia for trade of products, services, and currency. All things listed above happening in the world affected how one could trade or would want to trade currency pairs including the AUD with major currencies.
Impacts might not be deep running in our memory; however, changes did happen in the world that has set up the economic stability of countries. Syria is still fighting. Australia gained the free floating currency mark. The USA had to spend money on a major oil spill. History sadly repeats itself.
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