What's your prediction on the Australian Dollar?

[cove]

We are going there late January.
Lucky it is only money....no arm or a leg.
I hope it isn't mrsdrron causing this slide.

 

[Cruiser Elite]

Glenn Stevens is trying hard to get our currency down to 85 cents against the US dollar.

Stevens only need look to the Federal Reserve for a lesson on monetary manipulation

YEP up go your big screen TVs - up go your air fares - up go your fuel prices - there will be plenty battlers / ave men and women not smiling in Oz going forward - unless you are a coughy or a shareholder in the big exporters.

 

[amaroo]

Importers with poor T&C or bullish locked in prices with a couple of monster retailers are going to get smashed!

Getting pricing correct for 2+ year contracts with the likes of WOW and WES is always fun.

 

[MEL_Traveller]

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.

the pound is doing well! per £1000 I'm getting around $400 more than earlier in the year!!

 

[Foreigner]

the pound is doing well! per £1000 I'm getting around $400 more than earlier in the year!!

There's a winner!

 

[Aussie_flyer]

With a uk trip coming up next week its been rather disheartening watching the aud plummet vs the pound. Most of my shopping plans ruined

 

[footy99]

the pound is doing well! per £1000 I'm getting around $400 more than earlier in the year!!

There would be very few currencies in the world not hammering the AUD right now. It's down around 20% across the board since April.

 

[RB]

There would be very few currencies in the world not hammering the AUD right now. It's down around 20% across the board since April.

Indian rupee?

 

[footy99]

Indian rupee?

Yeah you'd think with the Rupee tanking against everything else, surely we are beating it at least. But no.

 

[JohnK]

No...

RBA governor prefers a lower AUD than increasing interest rates.

And the AUD is none of his business.

The RBA should not be involved in this type of manipulation. Every country in the world would want their currency lower but that isn't going to happen. Leave it run its course.

 

[Flashback]

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.

We are indeed

 

[whatmeworry]

At least my leftover English Pounds in the bottom draw are getting slightly more valuable.

 

[Cruiser Elite]

At least my leftover English Pounds in the bottom draw are getting slightly more valuable.

Only a + if you can actually afford the soon to be rising fares to get to Pommieland.

 

[marki]

I have heard the falling dollar is good and then not to good for Qantas which is it?

AND of course in the last months I have also heard by various experts that a rising dollar being good for Qantas but also on the contrary not good too.

It is a little confusing.

Earning Aussie dollars and seeing those dollars devalue is not making me keen on travel I can tell u. So from my perspective it's bad for Qantas. ( international)

 

[amaroo]

Bad for fuel....depending on the hedging arrangements
Bad for Aussies leaving to travel OS....for QF that is only 18% of the total pool

Good for numbers coming to OZ.....see above.
Good for numbers of people traveling domestically once the other 82% of passengers get here after arriving on other carriers

Probably toss a coin for bad/good outcome for QF.

 

[Melburnian1]

The RBA has billions of dollars In reserve, but does Mr Stevens run the risk of 'losing' a bet against the international money markets - the George Sourises of the world - if the RBA actively intervenes to try to further influence the A$ to move lower than .89?

I note that some economists claim that active meddling in the market by the RBA is unlikely.

 

[whatmeworry]

The RBA has not intervened with cash but they have intervened with words. So unless the RBA start printing money, I think the Aussie will rise again to 95c.

 

[cove]

There will be a pretty ordinary Economic Update this week from Joe Hockey.
The last 6 years of mess is going to be outlined on how we now owe about 400 billion.
This may have some influence on our currency.

 

[Mal]

We are indeed

I'm smiling, but with significant assets still in Australia that I want to liquidate and move to the UK... There is a big downside.

 

[markis10]

There will be a pretty ordinary Economic Update this week from Joe Hockey.
The last 6 years of mess is going to be outlined on how we now owe about 400 billion.
This may have some influence on our currency.

The RBA has not intervened with cash but they have intervened with words. So unless the RBA start printing money, I think the Aussie will rise again to 95c.

The reality is that the RBA and domestic affairs have minimal impact on the dollar, it's what happens to other economies that see the dollar in demand or forgotten about. I think the last time our dollar was significantly impacted by local events was when some dude from Bankstown mentioned some recession we had to have.