What's your prediction on the Australian Dollar?

[marki]

Certainly thinking outside the box - mind you possibly makes as much sense as some theories possessed by so-called experts.

ether - you an expert?

Many an expert have sunk with there shop


Sent from my iPhone using AustFreqFly

 

[Awesom Andy]

Many an expert have sunk with there shop

I say it goes down. Reason: if I say it goes down for long enough, I'll eventually be correct.

 

[Cruiser Elite]

OZFOREX commentary overnight:

Australian Dollar:
The Australian dollar opened weaker Thursday as downward pressure on the US92 cent handle continued to be applied. Asian trade began and the Aussie dollar moved almost horizontally however there was an element of a downhill trend amongst the sideways trade. The small range in the morning was due to the Private Capital Expenditure figures being released just before midday which has been billed as the highlight of the week. In several days with very little volatility investors were counting on these numbers to provide a spark to the dormant AUD and they were not disappointed. The Capex data came in at -4.2 per cent where -1.6 per cent had been forecast. The data is important as it gives a good indication as to how Australia is transitioning from a nation reliant on mining to a country with more diversified interests. Although the figures appear to be weaker than expected the market received the numbers as positive as other industries other than mining appear to be picking up the pace. The highlight appeared to be equipment, plant and machinery up 2.8 per cent whilst mining was down as expected 10 per cent. The AUD gained on the back of this data and rallied 37 points to 0.9258 setting the tone for the rest of the session. As the day went on the Aussie dollar continued to rally up over half a per cent since the days open against the Greenback to 0.9276. Overnight the strong AUD continued, assisted by poor US GDP figures managing to break through the US93 cent barrier touching highs of 0.9314. The Aussie opens today stronger against the US at 0.9308. Heading into the weekend Private sector credit is the only data out locally as investors will watch an array of US numbers to finish off the week.

 

[cove]

Almost time for me to buy to ensure it heads higher for everyone else.

 

[JohnK]

I will buy some in the high 93s just to help it get to 94 or 95 for you.

Now would be a good time so I can get a good exchange rate in Chiang Mai tomorrow.

I want to make sure there is more alcohol available on the weekend for the locals.

 

[Cruiser Elite]

.9322 and still struggling skywards

 

[whatmeworry]

Aussie Dollar down today. Must mean Johnk is in Thailand and Cove has stopped buying Us Dollars...

 

[cove]

I prefer the rate in post one on this thread. We should have bought more in those good old days.

 

[serfty]

Well at least Foreigner should be happy.

 

[Foreigner]

Well at least Foreigner should be happy.

I did transact today, USD to AUD but hoping more trades during the week when more data is to be released, expecting a stronger USD.

 

[drross]

If the Central European bank goes to negative interest rates this week or next, it would be a great time to buy euro for the Xmas ski season

 

[JohnK]

Aussie Dollar down today. Must mean Johnk is in Thailand and Cove has stopped buying Us Dollars...

First time in a while I received >THB30/AUD.

 

[Foreigner]

The Aussie is on the cusp of breaking through us94 cents. Good for overseas travelling.

 

[cove]

Great timing seeing we head off tonight.

 

[JohnK]

The Aussie is on the cusp of breaking through us94 cents. Good for overseas travelling.

I think it will be even better after tomorrow.

 

[Buzzard]

I think that if it doesn't go up it will come down unless it stays the same.

 

[ukh]

[h=1]Foreign bond buying to push Australian dollar back to parity: analyst[/h]By finance reporter Justine Parker
Posted 9 hours 31 minutes ago
PHOTO: Morgan Stanley says foreign bond buying is pushing the Aussie dollar towards parity. (Giulio Saggin: ABC News)
MAP: Australia

Analysts at a global investment bank are tipping the Australian dollar could return to parity with the greenback by the end of this year.
The dollar reached a four week high of 93.86 US cents overnight, extending last week's rally after the European Central Bank announced more measures to boost the region's economy by further cutting interest rates.
Morgan Stanley currency strategists say they have now boosted their forecasts for the dollar as overseas investors increasingly buy up Australian bonds in the hunt for higher returns.

Even though I spend only 15% of the year overseas, I spend 85% of my money overseas.
Bring on parity with $US ( better still with the Euro....)

 

[marki]

I think that if it doesn't go up it will come down unless it stays the same.

Pleeeeeeeeeeze


Sent from my iPad using AustFreqFly mobile app

 

[marki]

I think that if it doesn't go up it will come down unless it stays the same.

Pleeeeeeeeeeze not again


Sent from my iPad using AustFreqFly mobile app

 

[Awesom Andy]

The AUD will keep going up for the next 2 weeks - until I'm done with my brief SYD visit, at least.