What's your prediction on the Australian Dollar?

[RAM]

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

I really wish people would not tempt fate!

 

[marki]

I really wish people would not tempt fate!

They say RBA will continue to cut rates too

 

[wandering_fred]

I'll be content as long as the world is peaceful enough to have exchange rates. :shock: Don't ask me about tax offices...

Happy wandering

Fred

 

[JohnK]

I'll be content as long as the world is peaceful enough to have exchange rates. :shock: Don't ask me about tax offices...

You only need to worry about tax offices if you have to pay tax. Spend all your money now and then you won't need to pay tax again.

 

[Simo]

NZ dollar and Aussie dollar is 97 to 100

 

[get me outta here]

Good time to use AUD to buy GBP due to the Brexit panic.

 

[marki]

Good time to use AUD to buy GBP due to the Brexit panic.

"E dry things" is what self corrected when I wrote "Everything" .............On my iPhone, silly iPhone

Things are still expensive in the UK however

 

[RAM]

"E dry things" is what self corrected when I wrote "Everything" .............On my iPhone, silly iPhone

Things are still expensive in the UK however

Well some thing are and some things aren't.

Accommodation in the UK can be very expensive but then again there are some bargains to be had. Like Premier Inns, a room sleeping 4 from GBP 29. It's the Whitbread chain and a couple of others rolled in. About 3 to 4 star quality, 96% have free parking and a bit like McDonald's in that you get the same (high quality) bedding, pillow choices etc.

Food in UK is now, on the whole cheaper than what we pay in Australia. Eating out can vary, especially in London but still there are now plenty of Sydney restaurants now more expensive than higher rated London ones.

Car hire - 5 or more days - I've been getting it cheaper in UK than Australia for the last few years.

Petrol/Diesel = EXPENSIVE
Public transport (buses, tube, trains) = EXPENSIVE to similar depending on where and when you're going.

 

[marki]

ok so not a blanket response, still some saving to be had, Can you by an apple iPhone cheaper in the UK now? Or Laptop? say Mac book pro?

Well some thing are and some things aren't.

Accommodation in the UK can be very expensive but then again there are some bargains to be had. Like Premier Inns, a room sleeping 4 from GBP 29. It's the Whitbread chain and a couple of others rolled in. About 3 to 4 star quality, 96% have free parking and a bit like McDonald's in that you get the same (high quality) bedding, pillow choices etc.

Food in UK is now, on the whole cheaper than what we pay in Australia. Eating out can vary, especially in London but still there are now plenty of Sydney restaurants now more expensive than higher rated London ones.

Car hire - 5 or more days - I've been getting it cheaper in UK than Australia for the last few years.

Petrol/Diesel = EXPENSIVE
Public transport (buses, tube, trains) = EXPENSIVE to similar depending on where and when you're going.

 

[cove]

Have an order for 0.7450 and 0.7550 to buy USD. Missed the first one by a bees dick the other night when it traded to 0.7446 and then sank back into the 0.73s.
Just trying to buy high and sell low in the overnight markets.

 

[Flashback]

ok so not a blanket response, still some saving to get. Can you by an apple iPhone cheaper in the UK now? Or Laptop? say Mac book pro?

I always found Apple products cheaper in Australia (especially once you get back GST), YMMV.

 

[marki]

that's what I found too has anybody done the most recent Math?

I always found Apple products cheaper in Australia (especially once you get back GST), YMMV.

 

[whatmeworry]

Pound up against most currencies with the assassination of Labour MP Jo Cox.

The pound climbed as campaigning over whether Britain should leave or stay in the European Union was suspended for a second day and an opinion poll on voter intentions in next week’s referendum was delayed.

Pound Rises as U.K. Suspends Campaigns on EU Vote for Second Day - Bloomberg

 

[RAM]

ok so not a blanket response, still some saving to be had, Can you by an apple iPhone cheaper in the UK now? Or Laptop? say Mac book pro?

No, electronics are generally dearer in UK and Europe than in Australia. Having 3 kids - we've visited numerous Apple stores in Europe over the last decade or so and on some occasions the Euro cost in figures was the same as the AUD cost.

However, good quality phone cables/chargers/pc cables/adapters etc are MUCH cheaper. UK no-name brand version of iPhone charger cables for GBP 1, Samsung cables GBP 1. Poundland stores often have a range of 50 or so different items. Cables from 4 years back have outlasted the genuine Apple cables so far for two teens.

Also have advantage of multiple near neon colours - sure stops arguing over who's cable is whose. The hot pink cannot be confused with the deep purple!

Its a bit like how clothing (especially fashionable) was cheaper in Melbourne and electronics were cheaper in Sydney, high quality 'marque' furniture used to be cheaper in Melb (pre-internet) and not-marque was cheaper in Sydney.

Le Creuset pots/pans were always cheapest in Australia at George's in Melbourne until it was shut down (no matter how often I raised it with the powers-that-be at Peters of Kensington)..

 

[marki]

No, electronics are generally dearer in UK and Europe than in Australia. Having 3 kids - we've visited numerous Apple stores in Europe over the last decade or so and on some occasions the Euro cost in figures was the same as the AUD cost.

However, good quality phone cables/chargers/pc cables/adapters etc are MUCH cheaper. UK no-name brand version of iPhone charger cables for GBP 1, Samsung cables GBP 1. Poundland stores often have a range of 50 or so different items. Cables from 4 years back have outlasted the genuine Apple cables so far for two teens.

Also have advantage of multiple near neon colours - sure stops arguing over who's cable is whose. The hot pink cannot be confused with the deep purple!

Its a bit like how clothing (especially fashionable) was cheaper in Melbourne and electronics were cheaper in Sydney, high quality 'marque' furniture used to be cheaper in Melb (pre-internet) and not-marque was cheaper in Sydney.

Le Creuset pots/pans were always cheapest in Australia at George's in Melbourne until it was shut down (no matter how often I raised it with the powers-that-be at Peters of Kensington)..

We should set up a table where in the world are the cheapest electronics ...... Sometimes brief specials can circumvent best laid plans however.

 

[Cruiser Elite]

US$.7457 I noticed - kinda out of the loop ATM - what's kicked it up?

 

[anat0l]

US$.7457 I noticed - kinda out of the loop ATM - what's kicked it up?

Dunno - maybe it's a bit of general US election shivers or what not, though there's a decent number of Americans I've talked to here who might be content with how their dollar is going, but they are nervous of keeping it that way for a while.

On the other hand, not too many Americans find themselves able to be in position where they need foreign currency anyway, so it's a slight waste of opportunity.

 

[earlyriser]

Isn't this the calm before the storm later in the week (Brexit)?

 

[Jacques Vert]

I hear one of the Fed Board members stated there may be only one interest rate hike before 2018, or something like that. + the latest polls are predicting that the UK will stay in the EU.

 

[Doctore1003]

Brexit is the main game right now and the Aussie is bobbing up and down in unison with other risk assets, which are all highly correlated and driven by news from Britain.

The current recovery in risk started last Thursday when news of the British MP's assassination triggered market participants to reassess Brexit odds. That continued over the weekend, with polls showing improvement for the Remain camp.

Expect a lot of choppy price action until Friday morning AEST when the first exit polls start being announced. Voting closes at 10pm (Thurs) London time, which is 7 am (Friday) AEST. At that time, the embargo on exit poll results being announced will be lifted. However, I did hear a rumour that some large funds have hired private pollsters to conduct exit polling for them and they will obviously be able to act on that information while voting is still continuing.

In relation to the Fed, it was St Louis Fed President Bullard who changed his approach to forecasting. It's quite interesting really if you're an economics or monetary policy nerd! See eg. Marc to Market: Bullard's New Paradigm and the Federal Reserve