What's your prediction on the Australian Dollar?

[cove]

The $AUD has risen over the weekend to about 0.7020 against the USD. The Americans are nearing their debt limit probably by September so that should keep a limit on the US dollar rising. Their deficit must alarm some economists as they borrow large amounts every month.

 

[RSD]

I was concerned that I might be looking at a 0.67 rate for my trip next week so really happy to see 0.7030 this evening.

 

[Foreigner]

The market is bearish on the Aussie which dipped below 0.6800 early this morning.

 

[serfty]

Yes, the US Fed did not cut interest rates by as much as the punters expected.

 

[cove]

We have taken cover as the downside risk was too big to ignore. Looks like the RBA wants us to be the poor trash in Asia.
It will certainly help our exports.

 

[kpc]

We are going back to Oz this evening so this will help the AUD go up! Every freaking time we go OS, the AUD tanks!!

 

[cove]

We are heading to the BREXIT spot so it will be interesting to see if the AUD can drop against the GBP. Go Boris....or not.

 

[Foreigner]

Let's see if RBA twitches interest rate next Tuesday

 

[cove]

I really should start getting some US dollar income but when I look at it all I can see is the massive debt they have to the rest of the world so I hesitate. Waiting for the US dollar to tank is not something I need to spend time thinking about.

 

[drron]

Having a US dollar account which we are now using for our spending money I am confident that in the medium term the AUD will appreciate considerably.

 

[cove]

Yes we are running a US bank account with some currency at 0.7650 and the rest at 0.7014. We declare the paltry interest in our Australian tax returns.
Our UK bank account is interest free and we had trouble just opening it originally.

 

[Flashback]

We are heading to the BREXIT spot so it will be interesting to see if the AUD can drop against the GBP. Go Boris....or not.

While the GBP continues to fall through the floor, strangely the AUD vs GBP has held fairly steady. Not too much different from when you were last over.

 

[cove]

I preferred it when the AUD bought a lot more pounds. With Boris now in charge I guess we could revisit the point sixties again. I guess that depends on buyers and sellers.

 

[RSD]

Not liking the way that the Aussie is heading at the moment against the USD or Euro - am about to make a 45,000 Euro purchase

 

[cove]

With one chap in the US believing he is the smartest guy in the room that can be a problem for Australia where we trade in the world markets. Yesterday gold took off and the world stock markets tanked. Mission control advised him not to go more tariffs but that was ignored. He coulda been a 5 star general.........
Anyway the AUD is at 0.6768 and not looking like rallying for the moment.

 

[marki]

I saw that! Euro is not crash hot either at 60.03 cents. He holds the Trump card however!

 

[cove]

You could make things worse for yourself by buying the Qantas US dollar sale at 0.65 something and get some Qantas points to travel while you are impoverished.

 

[Foreigner]

RBNZ cut official cash rate by 50 points to 1.0% per cent when market expectation was 25 points. AUD dipped below 0.6700 against the USD early afternoon. Not sure if AUD:NZD rate is impacted much

 

[RSD]

RBNZ cut official cash rate by 50 points to 1.0% per cent when market expectation was 25 points. AUD dipped below 0.6700 against the USD early afternoon. Not sure if AUD:NZD rate is impacted much

Dropped below 60 Euro as well. Not good at all but can't see anything in the crystal ball that is going to start it climbing again either.

 

[cove]

Of course the $AUD is tumbling today because we are flying today. The good news is we are heading to London so the pound is nice and weak too.