What's your prediction on the Australian Dollar?

[marki]

It's almost same value ( the Australian Dollar) before the rate cut earlier

 

[Doctore1003]

Sharp drop in copper overnight and stock markets around the world are sporting bearish reversals fwiw

 

[marki]

Sharp drop in copper overnight and stock markets around the world are sporting bearish reversals fwiw

Our dollar will follow copper we are a resources peg after all

 

[cove]

5 seconds of sunshine for $AUD.
Foreigner you will get your turn if Turnbull loses the unloseable election.
Play on.

 

[drron]

September is a terribly busy month for me - but hoping to catch up. First or second half?

We are coming into Southampton by cruise ship and driving to Cornwall and Devon.Arrive 7/9 then drive to LHR on 16/9 as a late flight out.
There is an eponymous village in Devon.

 

[Jeffrey O'Neill]

got to love the gyrations of the AUD.

Starting to realise we have far less control over the currency than I thought.

I'd expected the AUD to be heading to the low 60s by year end, but the currency wars are making it rather difficult to judge things based on fundamentals - strayan fundamentals are looking pretty dead next year.

 

[Flashback]

We are coming into Southampton by cruise ship and driving to Cornwall and Devon.Arrive 7/9 then drive to LHR on 16/9 as a late flight out.
There is an eponymous village in Devon.

Miss you by a few days then - will be in AQP by then.

 

[marki]

“The perception of a lower for longer Fed has slowly but surely brought back an improvement in risk sentiment,” said Rodrigo Catril, currency strategist

Any way that's better for us travellers currency wars g

 

[marki]

I am personally waiting for Britexit the Euro is going down down down ....... Like Coles prices

 

[JohnK]

I am personally waiting for Britexit the Euro is going down down down ....... Like Coles prices

The current odds are 11/4 for the exit. I wouldn't put on any money on the exit with those odds.

 

[Doctore1003]

I am personally waiting for Britexit the Euro is going down down down ....... Like Coles prices

I agree that Brexit is a much bigger problem for the Euro than it is for the pound over the medium to long term.

 

[cove]

Well this morning the currency is back around 0.7445 after running up to about 0.7504 for a brief time. The NZ currency is trying to overtake the value of the $AUD this morning as our politicians try to decide how much extra we can spend as a nation that we will have to borrow from overseas.

 

[whatmeworry]

Well this morning the currency is back around 0.7445 after running up to about 0.7504 for a brief time. The NZ currency is trying to overtake the value of the $AUD this morning as our politicians try to decide how much extra we can spend as a nation that we will have to borrow from overseas.

Not much chance of NZD reaching parity with the AUD whilst the Kiwis keeping cutting rates and the dairy market tanks.

 

[marki]

The current odds are 11/4 for the exit. I wouldn't put on any money on the exit with those odds.

Hey where did you find those odds?

 

[whatmeworry]

Hey where did you find those odds?

You can check out Oddschecker | Betting Odds, Tips, Free Bets, Bookie Offers

On April 26, the probability of a vote to leave from the oddschecker.com average of some 20 bookmakers' odds stood at 0.35, meaning slightly better than a one in three chance. By May 22 it had fallen to 0.22 or almost one in five. Perhaps the tsunami of warnings from national and international organisations of the economic consequences of Brexit was being factored into punters' assessments of how the vote will go.
Since then, the news for the Brexit camp has got slightly better. The slide was arrested on May 27 and there has been a modest recovery which took the probability of Brexit up to 0.30 by June 6. Perhaps punters were thinking the switch of emphasis to migration will carry more voter appeal: or that they are more confident of a high turnout among Leave supporters.

 

[cove]

We should have bought New Zealand when our currency was sky high at the start of this thread.

 

[drron]

Not much chance of NZD reaching parity with the AUD whilst the Kiwis keeping cutting rates and the dairy market tanks.

Maybe because even though markets for some of their exports have tanked,just like Australia,they have managed a budget surplus for this financial year and project that surplus to increase in the coming financial year even though they are predicting a lower rate of increase in GDP than Australia.On top of that their Government debt to GDP is half that of Australia's percentage.
Their real problem just like Australia is private debt.But that is still lower as a percentage of GDP than Australia.It peaked at 160% whereas Australia is at 200% and rising.
However in New Zealand the problem is being publicly discussed.here not so much.

 

[Danger]

Another commentator suggesting a US exchange rate of 0.40.

Australia spending like it's 'stuck in 2006', says BT's Vimal Gor

Pick a number, any number.

 

[junbugging]

Another commentator suggesting a US exchange rate of 0.40.

Bring it on. Along with 40 yen to the Aussie dollar.

Not necessarily any more credible a forecast than anyone else's, though.

 

[cove]

So now we have a 40 and an 80 prediction so I have bought some and have more orders on to try to pick up a favourable spike upwards.