What's your prediction on the Australian Dollar?

[cove]

The market heard I want to buy pounds and dollars.

 

[Foreigner]

Don't we wish we had the proverbial crystal ball

 

[amaroo]

Good to see the PEN is still half decent for the aussie battler ... pity just about everything is billed in USD.

 

[JohnK]

If only I had a time machine to go back to March,2012 to pick up some USD.
I guess a bit over 0.70 is still just fine.

I don't quite agree with the "experts". USA printing money left right and centre but currency holding strong. Totally wrong.

 

[marki]

I am worried that the Melbourne open Tennis is loosing value as we speak. These poor tennis stars are loosing out over our dwindling dollar how we to attract top class players in the future?? Oh and first time I have seen our Aussie battler bringing in more value on the Swiss Franc.

 

[PLANT]

Marki it's not about the money from AU..... It's about the title to get the endorsements for future USD!!!!!

 

[marki]

Marki it's not about the money from AU..... It's about the title to get the endorsements for future USD!!!!!

How are we suppose to attract top quality players when the winnings are diminishing in light of a stronger USD ......endorsements are all good so is the title but looses its punch the further we go down?

 

[cove]

The US dollar is quite overvalued but that may not mean their currency will plunge. The US has been printing money to run their massive deficits and their Social Security is unfunded. They are in a bigger mess than most countries if you leave out Russia and Greece and a few others.
The oil rich countries are now having to liquidate some investments so that will not help the US markets.

 

[Doctore1003]

The US dollar is quite overvalued but that may not mean their currency will plunge. The US has been printing money to run their massive deficits and their Social Security is unfunded. They are in a bigger mess than most countries if you leave out Russia and Greece and a few others.
The oil rich countries are now having to liquidate some investments so that will not help the US markets.

Cove, I'm surprised to hear you say this given you seem pretty familiar with the U.S. The U.S. economy is one of the most dynamic and competitive in the developed world. Yes it's suffering from some malaise and the brutal capitalism that governs it leads to huge inequality, but if you are looking at the economy as a whole, it is easily outperforming and has been for a long time, and its prospects are good, with a rising population and huge ability to innovate and commercialise ideas. The USA is no longer "printing money" and is far ahead of other developed nations in its monetary policy cycle. Who else is raising rates? As for the whole pension scare, it's a myth that doesn't stand up to scrutiny and the only reason it keeps coming up is because people use it as a tool to scare voters , eg: http://krugman.blogs.nytimes.com/2013/07/21/the-great-pension-scare/

 

[cove]

Lots of liquidations of positions in the US markets will occur as the Saudis and others try to bring sub $30 a barrel oil into their budgeting. Oil prices dropping has US banks taking loan losses and that will continue with big layoffs in that industry.
China needs their money back to stabilize their economy it seems.
Meanwhile the US consumer seems to be spending a lot of their savings at the gas pump on healthcare.
Anyway we will be there next week propping up their economy in California because we can.
I just read 3M result and they are being buffeted by the higher US currency.
The US economy is a leading light in the world.

 

[whatmeworry]

I am worried that the Melbourne open Tennis is loosing value as we speak. These poor tennis stars are loosing out over our dwindling dollar how we to attract top class players in the future?? Oh and first time I have seen our Aussie battler bringing in more value on the Swiss Franc.

The Aussie, French, Wimbledon and US Open collectively own the trademark to the "Grand Slam" so no chance it leaving Australia. Plus the top players want as many slams as they can and journeymen need as many points as they can so they can qualify for other tournaments without qualifying.

 

[Awesom Andy]

Given the tennis players travel around the world every year, I'm sure fx is their least concern. It all balances out in the end.

 

[marki]

Given the tennis players travel around the world every year, I'm sure fx is their least concern. It all balances out in the end.

I guess your right .... This snippet I found in WSJ today

 

[drron]

Cove, I'm surprised to hear you say this given you seem pretty familiar with the U.S. The U.S. economy is one of the most dynamic and competitive in the developed world. Yes it's suffering from some malaise and the brutal capitalism that governs it leads to huge inequality, but if you are looking at the economy as a whole, it is easily outperforming and has been for a long time, and its prospects are good, with a rising population and huge ability to innovate and commercialise ideas. The USA is no longer "printing money" and is far ahead of other developed nations in its monetary policy cycle. Who else is raising rates? As for the whole pension scare, it's a myth that doesn't stand up to scrutiny and the only reason it keeps coming up is because people use it as a tool to scare voters , eg: http://krugman.blogs.nytimes.com/2013/07/21/the-great-pension-scare/

Not everyone believes Krugman is right about everything even though he does.
https://mises.org/library/fact-checking-paul-krugmans-claim-be-right-about-everything

But I have just opened a USD account so can now suspect that the predictions are all wrong and the little Aussie battler is now going to strongly rebound.

 

[clifford]

I don't know if it will strongly rebound, but I don't think it will fall as far as some are predicting either.

I'd be surprised if it fell below USD 0.65 this time around, but I've been wrong before.

 

[drron]

See how it really works.Opened a USD account with rate at 70.35.
24 hours later now 71 cents.

 

[JohnK]

See how it really works.Opened a USD account with rate at 70.35.
24 hours later now 71 cents.

LOL. Your luck is as bad as mine. Can you please deposit your life savings into this account?

 

[Awesom Andy]

Probably just noise from BOJ adopting negative interest rates. Should be back to the main story line next week.

 

[marki]

Interest rate 2 % and then the dollar fell

 

[JohnK]

Isn't this the time to be increasing rates again as clearly the current strategy is not working?

Just my 0.496THB worth as I am now getting much much less....