What's your prediction on the Australian Dollar?

[serfty]

Experts in the currency market often work for someone, which is why they often get it wrong, dollar down to $1.01 today.

And my not particularly expert opinion is that it will increase some what today due to surprisingly good figures for China.

Of course, the veracity of said figures is been queried, mainly, I guess, by those "experts" who had put their money/reputation on a continued drop for the Aussie.

Currently near $1.02 ...

 

[eastwest101]

I think it will stay around current rates until the US and Japan and the EU switch off the printing presses, remember that exchange rates are a two-sided story when we are talking about the AUD/UDS or say AUD/EU exchange rates, what is happening overseas will overwhealm any local factors here in Australia, and having the printing presses running hot and without China having a floating exchange rate means that the government and the RBA are pretty much irrelevant to global exchange rates.

 

[Mrmaxwell]

RBA dropping the official rate certainly hasn't helped.

 

[lovestotravel]

Druckenmiller recommends betting against Aussie

 

[serfty]

And my not particularly expert opinion is that it will increase some what today due to surprisingly good figures for China.

Of course, the veracity of said figures is been queried, mainly, I guess, by those "experts" who had put their money/reputation on a continued drop for the Aussie.

Currently near $1.018 ...

Now up to 1.025 - shot up around 11:30am EST today.

Surprise fall in jobless rate to 5.5pc, total employment up 50,100 | The Australian

 

[markis10]

Now up to 1.025 - shot up around 11:30am EST today.

Surprise fall in jobless rate to 5.5pc, total employment up 50,100 | The Australian

Shot up on the unemployment results at that time.

 

[kpc]

Druckenmiller recommends betting against Aussie

I wouldn't believe anything he says....:shock:.

 

[lovetravellingoz]

RBA dropping the official rate certainly hasn't helped.

That is exactly why the RBA did it, they want the $Aussie to drop.

 

[drron]

It will go down sometime and it may not be too long.If something dramatic happens such as Greece leaving the Euro money will flee to the safety of the US dollar as it did with the GFC.
I am seriously considering getting the currencies for next years trips now.

Then again it may wander along much as it has for the last 2 years.

 

[gogo419]

I am seriously considering getting the currencies for next years trips now.

Then again it may wander along much as it has for the last 2 years.

My parents are thinking the same for a trip to USA/Canada in January 2014. The lost interest from holding USD at these interest rates is next to nothing.. If the AUD drops then hey presto! You will probably save yourself a nice amount and if it holds at present levels.. Well you wont have lost much..

gogo

 

[JohnK]

Then again it may wander along much as it has for the last 2 years.

I tend to think the same.

 

[amaroo]

I've given up worrying about it.....and just take the good times in my travelling stride.

Have heaps of pommie friends that are devastated by the change in fortune The whinging is almost unbearable :!:

 

[whatmeworry]

Global rates make currency crash unlikely, strategists say

 

[medhead]

Harder to pick than a broken nose. Especially, when the experts disagree.

 

[markis10]

It will go down sometime and it may not be too long.If something dramatic happens such as Greece leaving the Euro money will flee to the safety of the US dollar as it did with the GFC.
I am seriously considering getting the currencies for next years trips now.

Then again it may wander along much as it has for the last 2 years.

Overnight it's got close to parity. I am due to get some USD sent to me soon so I am happy, need it back up in a couple weeks time when a large purchase ships ex the US.

 

[lovestotravel]

As it stands now we are very close to parity
[TABLE="width: 100%"]
[TR="class: uccRes"]
[TD="width: 47%, align: right"]1.00 AUD[/TD]
[TD="width: 6%, align: center"]=[/TD]
[TD="width: 47%, align: left"]1.00867 USD[/TD]
[/TR]
[/TABLE]
[TABLE="width: 100%"]
[TR="class: uccRes"]
[TD="width: 47%, align: right"][/TD]
[TD="width: 6%, align: center"][/TD]
[TD="width: 47%, align: left"][/TD]
[/TR]
[/TABLE]

If she goes below 1USD then I expect a fast drop to around 0.97 and then hovering for a bit

 

[drron]

Global rates make currency crash unlikely, strategists say

So within 24 hours of the experts saying it wont fall it starts to do so.

 

[cove]

Mrscove is the guru now with her 105.50 purchase last month.

 

[codash1099]

So within 24 hours of the experts saying it wont fall it starts to do so.

I have totally given up listening to the "experts". All they are good for is explaining why their predictions went wrong.

A Ouija board would be more reliable.

 

[whatmeworry]

So within 24 hours of the experts saying it wont fall it starts to do so.

I suspect a bit of profit taking on the Aussie at the moment. When the Aussie drops, it drops quick but when it rises it rises slowly.

I don't think the Aussie will get to 1.05 US anytime soon.