What's your prediction on the Australian Dollar?

cove said:
Well it has recovered a few ticks to be 0.9165 and if the Reserve Bank leave interest rates untouched in early December it could go back up a bit.
A real estate boom in Sydney or a do nothing decision in the next 2 weeks seems to be the RBA dilemma.
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I don't think the RBA has much control in reality over the dollar when compared to world events, this week has been more about Investors second-guessing when the Fed will start dialling back its US$85 billion a month asset purchase programme amid conflicting messages from the US central banks, as evidenced by our friends dollar across the ditch sharing a similar fall.
 
As I'm heading to the US in January, I'll be very interested in the price over the next few weeks.
 
erkpod said:
As I'm heading to the US in January, I'll be very interested in the price over the next few weeks.
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I'm heading over in three weeks......most things go straight on the amex for 2x ....I've given up worrying about these things!
 
amaroo said:
I'm heading over in three weeks......most things go straight on the amex for 2x ....I've given up worrying about these things!
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I'm there for a month & a half so I'm not watching it as closely as I might if I was going there for a shorter period. But once I'm there, I tend to not worry about the exchange rate, either.
 
I had to buy some USD cash for my trip to Nepal in 10 days, and got a rate of 0.9000 (commission free) from the Flight Centre forex in Perth. It beat all the banks and Travelex (retail outlet and online). Not bad given the current situation, but not great either. Didn't really have a whole lot of choice as part of the trip has to be paid in USD cash on arrival, so can't put it on the card.

Going to have to see what the rate does this week and decide whether to buy some more cash or not before I leave. If it continues on a downward trend, might be worth stocking up.
 
The AUD has been slowly dragging it's way up for the past ~30 days and all of that was spoilt in less than a day by the actions of the Reserve Bank.

Very clever! Not....
 
JohnK said:
The AUD has been slowly dragging it's way up for the past ~30 days and all of that was spoilt in less than a day by the actions of the Reserve Bank.

Very clever! Not....
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The exporters are cheering!
 
JohnK said:
Great.

Take from the poor and give to the megarich.

Makes perfect sense to me again.
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Perfect sense for the hundreds of thousands that depend on strong exports for their job.

As a traveller - I'm not over the moon but happy to see the currency sitting at anything over 0.80c
 
The RBA can Jawbone all they want... Its all about the USA and China. What they do affects the AUD more then our current circumstances.

If RBA wants to lower to the AUD they should start printing money!
 
JohnK said:
Great.

Take from the poor and give to the megarich.

Makes perfect sense to me again.
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I suppose when the AUD goes up, the importers would be cheering, and we would get the same result too. The rich is very good at ripping off the poor in AU.
 
Awesom Andy said:
I suppose when the AUD goes up, the importers would be cheering, and we would get the same result too. The rich is very good at ripping off the poor in AU.
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The rich are always going to win. They use the little people in the quest for greed.

Unfortunately I am not one of the rich. Not even close.
 
When the Australian dollar rises we sell our products for less so we have to sell much more in units to make break even. It is different from what you were thinking.
 
Glenn Stevens is trying hard to get our currency down to 85 cents against the US dollar.
We have had the pound improve against the Aussie dollar by almost 10% in a few weeks so I hope that means all our AFF members in the UK are smiling.
 

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