What's your prediction on the Australian Dollar?

[Deleted member 29185]

Little side story... We have recently sold our house and my wife this morning

Did you get much for her?

 

[Bolthead]

Did you get much for her?

At first I was confused with your comment. Had to re-read it 3 times. Can't he bothered to correct. Maybe the mods can move it to the Humour thread. HA HA

 

[cove]

Meanwhile the Aussie dollar has rallied over 0.82 at the end of the week.

 

[codash1099]

Meanwhile the Aussie dollar has rallied over 0.82 at the end of the week.

It's done that before, so don't get your hopes up (or down, as the case may be.)

I don't know whether this has been pointed out before, but the thread title contains the words "prediction" and "Australian Dollar", thereby constituting any oxymoron of the first order!

 

[Cruiser Elite]

Seems Swiss Franc rallied o/n also:

We saw an historic night as the CHF rallied more than 25% after the Swiss National Bank capitulated and admitted it was no longer able to stop the CHF’s appreciation. The Swiss National Bank has spent the last three years trying to cap the Swiss franc’s gains as worries about Europe saw investors shift from the EUR into the CHF. The CHF rallied more than 25% in minutes after the news, and the AUDCHF traded at its lowest level since 2011 in yet another sign of the high levels of volatility seen as the new year commences.

 

[whatmeworry]

Seems Swiss Franc rallied o/n also:

I saw that as well. Many Europeans have loans in Swiss Francs. Gonna be a lot of pain across Europe.

 

[whatmeworry]

New predications Aussie will fall below 70c.
Australian dollar could fall through US70¢: Blackrock

 

[cove]

We bought at .8240 so that encouraged buying up to a high of .8295 last night just to make us feel.......

 

[Danger]

We bought at .8240 so that encouraged buying up to a high of .8295 last night just to make us feel.......

May I ask where you bought at that rate?

 

[cove]

Bell FX and Westpac dealing room are who we deal with.

 

[NFF]

We are in a currency war.

 

[cove]

If Australia loses in this currency wars our currency will rise. Our higher interest rates have kept our currency from dropping sharply.

 

[JohnK]

New predications Aussie will fall below 70c.

Any articles out there predicting parity?

 

[cove]

Parity with the Kiwi currency is much more likely.

 

[Isochronous]

If Australia loses in this currency wars our currency will rise. Our higher interest rates have kept our currency from dropping sharply.

We aren't as desperate for a devaluation as Europe or the US so we probably will 'lose' the currency war...?

 

[cove]

The US issued 4.5 trillion dollars with their Quantitative Easing programs to keep their currency low.

 

[moa999]

And yet in the past six months the markets have overlooked that flood of money

 

[Revolio]

AUD to hover in the seventies all year against the USD. But against the important currency, NZD, slowly creep towards parity by years end.

 

[Warks]

After three weeks in NZ I can report that it IS at parity effectively. Once the banks rip you off with their rates on the cards then charge a "currency conversion charge" what I'm seeing is parity on my statements. This sucks!

Fuel over there has barely fallen. I guess 20c is something in a couple of weeks but it's so much dearer than here now. Was $1.92.9 on arrival and $1.72.9 on departure. Diesel is still about 60c a litre cheaper - why are there no diesel rental cars I wonder?

 

[drross]

After three weeks in NZ I can report that it IS at parity effectively. Once the banks rip you off with their rates on the cards then charge a "currency conversion charge" what I'm seeing is parity on my statements. This sucks!

Fuel over there has barely fallen. I guess 20c is something in a couple of weeks but it's so much dearer than here now. Was $1.92.9 on arrival and $1.72.9 on departure. Diesel is still about 60c a litre cheaper - why are there no diesel rental cars I wonder?

australia seems to be the ONLY country in the world where diesel is more expensive than unleaded ... really weird