What's your prediction on the Australian Dollar?

[drsmithy]

Definitely hope they are wrong.

Parity and above is where the AUD belongs....

You're delusional.

There is no reason whatsoever for the AUD to be within a bull's roar of parity.

Mid 0.80s at best, more likely an extended stint in the 0.70s while we rebuild something that vaguely resembles a productive economy.

 

[JohnK]

Mid 0.80s at best, more likely an extended stint in the 0.70s while we rebuild something that vaguely resembles a productive economy.

You are funny.

While we are rebuilding what vaguely resembles a productive economy the Yanks will continue to print money to get themselves out of trouble and sink the global economy a little deeper.

I am delusional?

 

[sumthinfornuthin]

You're delusional.

There is no reason whatsoever for the AUD to be within a bull's roar of parity


Mid 0.80s at best, more likely an extended stint in the 0.70s while we rebuild something that vaguely resembles a productive economy.

..90 to .95 would be a nice place to be at in my opinion

 

[codash1099]

Actually, the recent rise is totally my doing. It is direct result of my buying $US exactly one day before the rise started. No need to thank me. It works in reverse too!

 

[Sprucegoose]

Definitely hope they are wrong.

Parity and above is where the AUD belongs....

I am not sure about that. Happy where it is now

 

[drsmithy]

You are funny.

While we are rebuilding what vaguely resembles a productive economy the Yanks will continue to print money to get themselves out of trouble and sink the global economy a little deeper.

The yanks are devaluing their currency to make themselves more competitive, which is exactly what we should have been doing.

I am delusional?

You are if you think Australia has much to sell the world with an AUD worth more than a USD.

 

[JohnK]

The yanks are devaluing their currency to make themselves more competitive, which is exactly what we should have been doing.


You are if you think Australia has much to sell the world with an AUD worth more than a USD.

Aren't these 2 statements contradictory?

The Yanks are devauling their currency so the AUD drops?

 

[whatmeworry]

Definitely hope they are wrong.

Parity and above is where the AUD belongs....

"..... and so say most of us...."

Most of us that travel.

However manufacturers and farmers would disagree.

 

[whatmeworry]

The Yanks are devauling their currency so the AUD drops?

Yanks devalue their currency and oil goes up!

 

[footy99]

The Yanks dramatically devaluing their currency through the QE schemes brought the Aussie from 60c to 1.10 - a fair rise. Since the first announcement that QE was being phased out, the Aussie has dropped from 1.05 to 92c. It's fair to say their money-printing exercise has had the desired effect in relation to devaluing the currency. Although the devaluation in later years compared with the AUD has been significantly weakened by the constant dropping of interest rates to their lowest levels ever here (although still high by international standards).

Given the astronomical increase in the money supply to the US to reduce the value of $1 USD as much as possible, it is hard to fathom how 1 AUD could be worth less than 1 USD right now. Although on the old basket of goods test, the AUD is still overvalued against the USD even after the latest 15% drop. These sort of irreconcilable competing factors make massive swings the norm so I don't bother trying to predict the next move.

 

[whatmeworry]

Aussie back up again with a bang!

 

[burmans]

You're delusional.

There is no reason whatsoever for the AUD to be within a bull's roar of parity.

Mid 0.80s at best, more likely an extended stint in the 0.70s while we rebuild something that vaguely resembles a productive economy.

I guess time will tell but not looking such a great prediction this morning.

 

[cove]

Never say never!
It is a market of buyers and sellers.

 

[burmans]

Never say never!
It is a market of buyers and sellers.

Agreed, am not such a fan of trying to predict the market for exactly this reason.

 

[lovestotravel]

The rollercoaster ride continues

 

[drsmithy]

Agreed, am not such a fan of trying to predict the market for exactly this reason.

Predictions are hard to make, especially about the future !

This fluctuation seems to be all about the USD. AUDCHF hasn't changed anywhere near as much.

 

[browski]

Parity by Christmas?

 

[kpc]

Parity by Christmas?

Please. ..

 

[footy99]

Bernanke announced QE would continue this morning.

In light of my earlier comments, it is borderline unfathomable for the AUD to still be below parity at this point, despite the basket of goods test.

The USD couldn't possibly be debased any further.

 

[JohnK]

Never say never!
It is a market of buyers and sellers.

Otherwise referred to as greed.

Currencies should never have been let loose on manipulators