What's your prediction on the Australian Dollar?

[defurax]

So this graph shows that it's all about jobs these days, dip on US data 5 days ago, gain on Australian data today.

 

[Foreigner]

Published online just when job data send the AUD up by more than 1%...

Looks like I posted too soon.

Yes, jobless rate dipped - below 6% for the second time in 16 months. That sent the AUD up.

 

[Awesom Andy]

So this graph shows that it's all about jobs these days, dip on US data 5 days ago, gain on Australian data today.

I don't think there are any other indicators for these few days?

 

[wandering_fred]

At this point the only safe prediction is that it will go up and it will go down and repeat that process...

A bit like the stock markets...:shock:

Wandering happy, wandering unhappy

Fred

 

[marki]

Now 0.6655 big jump from yesterday

 

[MEL_Traveller]

Now 0.6655 big jump from yesterday

huh? Currently at .71388. Or did you mean something else?

 

[cove]

Euro fell as they are warming up their money printing (because they can).

 

[Flashback]

Which is useful for me as I'm on my way to Ireland.

 

[marki]

wow really steep appreciation of the Aussie battler!

 

[Danger]

I'm really blown away by its resilience.

 

[Doctore1003]

The weekly close was strong so it should have longer to run, even if it's mostly short-covering against the USD.

 

[marki]

blown away again by its resilience

 

[Danger]

With the RBA's decision earlier this week we're up seemingly across the board. USD, GBP, SGD, NZD and EUR all at recent weeks/months highs. Amazing.

 

[homemade]

With the RBA's decision earlier this week we're up seemingly across the board. USD, GBP, SGD, NZD and EUR all at recent weeks/months highs. Amazing.

I'm close to sending the RBA a few bottles of champagne for what they've saved me on an upcoming US trip

 

[Doctore1003]

The RBA hasn't said or done anything notable for a while! The AUD bounce can be better explained as a natural correction after price and sentiment became way too stretched to the downside, supported by some decent economic data.

This correction has been especially pronounced against the EUR and GBP, but they have been trading like dogs against almost every currency.

There will be lots of volatility tonight and tomorrow, with the ECB due to announce more measures to battle low inflation in Europe and tomorrow we have the US jobs report.

 

[Buzzard]

Maybe the Aussie will hover where it is now for a couple of years?

 

[sausagefingers]

Maybe the Aussie will hover where it is now for a couple of years?

I could deal with that, sure its not dollar for dollar, but at 70cents its still viable for me to take my family on a holiday and even do some shopping.

 

[drross]

Maybe the Aussie will hover where it is now for a couple of years?

CBA are saying high 60s early next year

 

[Cynicor]

I ignore the pundit predictions, they seem to cover the spectrum of 20c to $1.2 if you look far and wide enough.

My question is when is the U.S. fed making this moths interest rate decision?

I think if they put it on hold we may go up a little too.

 

[Cruiser Elite]

My question is when is the U.S. fed making this moths interest rate decision?

Dec 16 apparently - Federal Reserve Meeting

Yellen underscored that the Fed expected to raise rates slowly, because the economy remained weak. And she said the Fed's policymaking committee would not make a final decision until its meeting December 15 and 16. Fed officials first will have the chance Friday to see the government's estimate of November job growth.