What's your prediction on the Australian Dollar?

[Limewood]

and here we go again who is correct mmm...

 

[codash1099]

and here we go again who is correct mmm...

Ahem!

What's your prediction on the Australian Dollar?

 

[Limewood]

My predication on the AUD? well I really do think it will go up or down

Yet being a mug last time the AUD went over parity with the USD, if it ever happens again I will jump on it.

Our vacation this year is to Canada one reason is.... PARITY.

 

[cove]

Canada is no bargain but we really enjoyed the country and people. Loved the ShangriLa hotel in Vancouver. The train was a winner.
The two currencies are commodity driven so parity seems reasonable.

 

[Simo]

Been looking at the AUD V USD and it is looks like it is getting stronger commodity prices such as oil and iron ore prices...

 

[cove]

The USD will be weak as their Federal Government spends more than they collect by billions every month. I am surprised that their currency has not really slumped in 2018.
Mrscove bought me Fire And Fury for $11.40 US onto a Kindle from Amazon to read while we travel home this week.

 

[I love to travel]

The USD will be weak as their Federal Government spends more than they collect by billions every month. I am surprised that their currency has not really slumped in 2018.
Mrscove bought me Fire And Fury for $11.40 US onto a Kindle from Amazon to read while we travel home this week.

Let us know whether it's worth buying or whether all the good bits are already in the public domain.

 

[JohnK]

AUD back up to USD0.7839? I know it's a guess but is it likely to hit USD0.80 before dropping again?

 

[serfty]

It was 78.6¢ over the weekend ..

 

[JohnK]

Are you suggesting another downward slide for the AUD?

 

[wandering_fred]

My predication on the AUD? well I really do think it will go up or down

Yet being a mug last time the AUD went over parity with the USD, if it ever happens again I will jump on it.

Our vacation this year is to Canada one reason is.... PARITY.

Everyone who has taken an economics course knows that there are THREE choices.

1- The response will be UP
2 - The response will be DOWN
3 - There will be NO CHANGE.


Just wandering
Fred

 

[serfty]

Are you suggesting another downward slide for the AUD?

I'm with @wandering_fred ...

 

[JohnK]

No short term guesses? AUD = USD 0.7844 right now.

Will check to see what rate the exchanges are selling in Brisbane tonight. From memory commission is ridiculous here.

 

[ethernet]

No short term guesses? AUD = USD 0.7844 right now.

Will check to see what rate the exchanges are selling in Brisbane tonight. From memory commission is ridiculous here.

About same in a years time and matching CAD pretty much in 1 year..
78 is normal, above 81 the RBA has taken a hit - they are always driving it down with 72 the low goal
Why: China is lying and ticking along nicely. Oil price rigging means little upside as frackers ramp up production.
The US winter is prolonging oil from dropping , so touching 80 is a possible
If the US raises interest rates, Australia will be forced to match them = little upside and bigger downside.

If you can pick which US stocks will do buybacks from Cayman money flowing in, you will make a motza,
Once the buybacks are over the USD will go down as the gains roost in Caymans again. Trump will discover the swamp has no American loyalty, and US budget projections a fantasy exposed bare.

As the RBA is insane on shorting, and gets cross at 80, shifting money out at >78.4 is a fair to excellent exit rate.
I would have though bad weather may push aud over 80 if American crops get frostbitten bad.
This means in their summer aussie may retreat to 73 ish when oil dips towards $52 or lower.
All disclaimed, pure guesswork.

 

[Strategic Aviation]

Australian dollar surges against greenback — almost at US80c - ABC News

Deutsche Bank says it's nearly time to sell the Australian dollar - Business Insider

 

[serfty]

Deutsche Bank says it's nearly time to sell the Australian dollar - Business Insider

I guess that's called "Profit Taking".

 

[docjames]

Yes the British Pound has made a big recovery and I think that has surprised me the most.

This is because i am travelling to UK and EU in April and June.....

 

[JohnK]

Crown currency selling USD for 0.7754 at moment. Can one do better in Brisbane city?

 

[MEL_Traveller]

Crown currency selling USD for 0.7754 at moment. Can one do better in Brisbane city?

Have you called UAE Exchange? For sending money on line they're offering .7926, but that's probably not the same as cash. But at their MEL outlet they're normally pretty close to the xe.com rate. They have a retail office in Brisbane.

 

[JohnK]

Have you called UAE Exchange? For sending money on line they're offering .7926, but that's probably not the same as cash. But at their MEL outlet they're normally pretty close to the xe.com rate. They have a retail office in Brisbane.

With or without fees? From memory they charge commission? I'll check tomorrow.