What's your prediction on the Australian Dollar?

[MikeG]

Dammit, I just made a US$7k purchase last week.

 

[whatmeworry]

Aussie Battler over 77c again.

The Australian dollar has leapt over the US77¢ hurdle, buoyed by strong Chinese trade numbers and as the greenback crumbles.
The currency was fetching US77.15¢ at 4.50pm on Thursday, a fresh four-month high and extending a rally that has seen it rise more than 5 per cent over the past two months.

http://www.brisbanetimes.com.au/bus...bursts-through-us77-mark-20170713-gxapt6.html

 

[marki]

Still only 0.67 against the Euro

 

[Flashback]

Still only 0.67 against the Euro

Euro seems to be generally strong at the moment. It's caning the GBP, more so than usual.

 

[clifford]

Euro seems to be generally strong at the moment. It's caning the GBP, more so than usual.

Perhaps it's a little thing called Brexit.

 

[Flashback]

Perhaps it's a little thing called Brexit.

No, we've been gaining against the USD. EUR is doing better against AUD and GBP, so not Brexit related.

 

[marki]

Euro seems to be generally strong at the moment. It's caning the GBP, more so than usual.

Euro moved today !! Up 3% ..........up got a currency move warning! Have not seen 68.2 for awhile !

 

[Foreigner]

Aussie Battler over 77c again.

http://www.brisbanetimes.com.au/bus...bursts-through-us77-mark-20170713-gxapt6.html

It's run away past 0.78 to the greenback

 

[Jeffrey O'Neill]

I'm seeing this a great opportunity for investing overseas and buying some FOREX for holiday in Nov.

It's interesting that the AUD is heading up even while the interest rate differentials are going in a way that would normally lead to the AUD to fall in relative terms.

 

[Melburnian1]

...It's interesting that the AUD is heading up even while the interest rate differentials are going in a way that would normally lead to the AUD to fall in relative terms.

Many economists did not predict this. Truly dismal scientists.

 

[Jeffrey O'Neill]

Many economists did not predict this. Truly dismal scientists.

just further proof that homoeconomics doesn't exist.

economic reality will eventually assert itself.

 

[serfty]

Many economists did not predict this. Truly dismal scientists.

The cynic in me whispers that those who do tend to predict currency fluctuations with reasonable accuracy would keep such knowledge to themselves.

 

[Danger]

An extraordinary gain against the USD. I bought a couple thousands at 0.75 yesterday through World First when the market was 0.775.

Also strong against the HKD and SGD.

 

[clifford]

Seems to be going hand in hand with the CAD.

Doesn't seem to have moved much against the GBP (although it has previously).

 

[serfty]

...
Also strong against the HKD and SGD.

Both those currencies have been very tied to the USD, especially the HKD which is generally somewhere around 7.8 to a USD.

 

[Melburnian1]

Seems to be going hand in hand with the CAD...

Our two countries have a lot of similarities so to me that's very logical. The value is so close we could have a currency union!

 

[Awesom Andy]

The cynic in me whispers that those who do tend to predict currency fluctuations with reasonable accuracy would keep such knowledge to themselves.

They would actually be more vocal, I think. The more people generating trades matching to their strategies, the more likely they will succeed.

An extraordinary gain against the USD. I bought a couple thousands at 0.75 yesterday through World First when the market was 0.775.

Also strong against the HKD and SGD.

HKD is officially pegged to USD, so any movement of the AUD/USD would also be reflected with AUD/HKD. SGD is manipulated by the government, based on a basket of currencies of SIN's trading partners, with the secret formula being changed at will by the government to achieve their objectives.

 

[marki]

Many economists did not predict this. Truly dismal scientists.

Crystal or Cristal ball / bottle gazing ..... they saw what they wanted to see!

 

[Danger]

Unbelievable gains today. Just incredible. I did five large in August 2015 when the dollar was 0.65/0.66 and everyone said 'brace yourselves for 0.60 and lower'. I really need to just put me dollars under my mattress.

Australian dollar soars to two-year high on RBA minutes

 

[cove]

When the $AUD flys higher the difficulty is figuring out when to buy. I need some U.K. Pounds and some US dollars but I haven't rushed as each day delayed has saved us. We are going to the US next then later to the U.K. for New Year.