What's your prediction on the Australian Dollar?

[whatmeworry]

I always notice the Aussie climbs against other Northern currencies during the Northern Hemisphere Summer.

Data point:-

View attachment 15959

Ironically it rose quickly overnight.

Market reacting to news from US, AUD back down slightly.
When in Europe I usually see the AUD rising during their summer. Don't know why, if it is traders on holidays, low volumes etc.

 

[Danger]

Market reacting to news from US, AUD back down slightly.
When in Europe I usually see the AUD rising during their summer. Don't know why, if it is traders on holidays, low volumes etc.

What's the news from the US?

 

[whatmeworry]

What's the news from the US?

Negative US news drove the AUD up against the US, but the AUD declined slightly this evening.

 

[Ricardo]

Down down the dollar is down ....

This will make the RBA a little happier, policy is working, well kinda ....

 

[comehither]

Did anyone have an inkling about the sudden fall? Feels like something Soros would have made a killing from if he was in on it. It's astounding how quickly it fell... and it's cost some friends of mine a fair bit more for flights.

 

[Catweazle]

Would be nice to see our dollar go up again, especially when I travel. When I'm at home, it's allowed to stay down if it must. :mrgreen:

 

[lovestotravel]

Did anyone have an inkling about the sudden fall? Feels like something Soros would have made a killing from if he was in on it. It's astounding how quickly it fell... and it's cost some friends of mine a fair bit more for flights.

He predicted it to fall a few weeks back and is no doubt going to make another killing on it.

I did buy a chunk of USD as well though, but nowhere near enough to retire on....

[TABLE="width: 100%"]
[TR="class: uccRes"]
[TD="width: 47%, align: right"]1.00 AUD [/TD]
[TD="width: 6%"]=[/TD]
[TD="width: 47%, align: left"]0.948167 USD[/TD]
[/TR]
[/TABLE]

Expect a fall to 0.92 now as she's gone past the 0.95 barrier

 

[FxTrader]

Expect a fall to 0.92 now as she's gone past the 0.95 barrier

If it breaks the long term resistance, well it has a long way to fall:

 

[lovestotravel]

9th May....

Druckenmiller recommends betting against Aussie

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

Still not believing him ?


Personally now given the worsening news for the Aussie economy I expect mid-high 80's by the end of the year

 

[kpc]

9th May....





Still not believing him ?


Personally now given the worsening news for the Aussie economy I expect mid-high 80's by the end of the year

2 years ago, whilst in SFO, I bought ~USD8000 at 1:1 with the AUD, of which I still have USD6500 remaining. I was kicking myself when the AUD went up to 1.08 against the USD, but now I wished I had bought more USD

 

[cove]

I bought some stuff in America when the $AUD was 0.92 so I watched it sail away. Now I am closer to square on the currency and the stuff I bought is looking good. Now I really don't mind what happens but I did think 1.05 to 1.10 area was unbelievable.
At 0.90 we won't be hurting as much in manufacturing but most of our export markets have vanished.

 

[whatmeworry]

I bought some stuff in America when the $AUD was 0.92 so I watched it sail away. Now I am closer to square on the currency and the stuff I bought is looking good. Now I really don't mind what happens but I did think 1.05 to 1.10 area was unbelievable.
At 0.90 we won't be hurting as much in manufacturing but most of our export markets have vanished.

Do think you we should bring back tariffs and stuff our free trade agreements and WTO as advocated by Bob Katter?

 

[cove]

The carbon tax was a negative tariff so getting this gone in 100 days will be a good start.
In 100 days we may be asking " who was Bob Katter?"
If we stop listening to Ross Garnaut that would be a help too.

 

[amaroo]

In 100 days we may be asking " who was Bob Katter?"

Bob Katter is an absolute certainty......they love him in FNQ

 

[Alanslegal]

Can someone give me an idea how changes in forex may/does impact car pricing? I am considering purchasing a new japanese made car not too long from now, and given it was 100yen:1 not long ago, and now 93y:1 .... say if it dropped to 80y:1 ... would that have an immediate impact on the car price here? Does the flow on effect happen over x months?

 

[moa999]

I would expect car prices to react slowly.... prices have not fallen anywhere near as much as they should as the currency went up.

 

[drron]

The carbon tax was a negative tariff so getting this gone in 100 days will be a good start.
In 100 days we may be asking " who was Bob Katter?"
If we stop listening to Ross Garnaut that would be a help too.

He isn't that bad when he sticks to the economy.Here is his piece from last weekend. business/sunday/garnaut_outlines_path_to_competitive_WfylOX6cpTf3OecjIIdzCI

 

[JohnK]

2 years ago, whilst in SFO, I bought ~USD8000 at 1:1 with the AUD, of which I still have USD6500 remaining. I was kicking myself when the AUD went up to 1.08 against the USD, but now I wished I had bought more USD

I think 2-3 weeks ago one could have bought 1AUD:1.04USD at the rip-off exchanges in Brisbane.

In Thailand in April I was getting 1AUD:30-31THB and by early July it should be 1AUD:28-29THB which is not the end of the world by any stretch of the imagination but still not good compared to the highs of 33THB a few years ago. I usually spend ~AUD2,000 per trip so the loss is ~AUD150.

 

[Oneworldplus2]

Personally now given the worsening news for the Aussie economy I expect mid-high 80's by the end of the year

+1

AUD is going down down down.....

 

[kpc]

+1

AUD is going down down down.....[/COLOR]

I just hope and pray that you are wrong!!