What's your prediction on the Australian Dollar?

It's surprising how little coverage this gets really. Down 25% in a couple of years is significant. That's a quarter of everyone's life savings gone. Yet doesn't quite get the same attention as a 25% drop in house or stock prices.
 
With the Euro dropping faster than the Aussie dollar the German stock market took off as they are world competitive.
 
Theres more pain to come, who cares about the US $ anyhow [FONT=Arial, Helvetica, sans-serif]Chinese Yuan Renminbi is the[/FONT]
[FONT=Arial, Helvetica, sans-serif] new dominate currency of the future with US debt over 18 trillion Japan even in worse shape and now Europe going down the same path what dose a logical person expect I believe its time to hand over the baton to Asia'[/FONT]
 
footy99 said:
It's surprising how little coverage this gets really. Down 25% in a couple of years is significant. That's a quarter of everyone's life savings gone. Yet doesn't quite get the same attention as a 25% drop in house or stock prices.
Click to expand...

That's implying that it's currently an aberration. The real aberration was that the $A was unusually high for a few years. It was never going to last and has merely returned to normality - sad as that may be.
 
johnnyk said:
Theres more pain to come, who cares about the US $ anyhow [FONT=Arial, Helvetica, sans-serif]Chinese Yuan Renminbi is the[/FONT]
[FONT=Arial, Helvetica, sans-serif] new dominate currency of the future with US debt over 18 trillion Japan even in worse shape and now Europe going down the same path what dose a logical person expect I believe its time to hand over the baton to Asia'[/FONT]
Click to expand...

Given RMB is pegged to the USD it's same same.
 
[QUTE=cove;1212414]With the Euro dropping faster than the Aussie dollar the German stock market took off as they are world competitive.[/QUOTE]

What broker are you using to invest in German stocks?
 
Isochronous I cannot recommend anyone in particular. With the German stock market index up about 4 times from the low point you would be starting at record highs.
I do use quite a number of brokers but if I am doing something that is easy I just use Commsec.
 
Isochronous said:
[QUTE=cove;1212414]With the Euro dropping faster than the Aussie dollar the German stock market took off as they are world competitive.
Click to expand...

What broker are you using to invest in German stocks?[/QUOTE]

we use Pershing through Ord Minnett
 
Aussie dollar still hanging tough. We need Wally to predict the Aussie dollar's future.

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footy99 said:
That's a quarter of everyone's life savings gone. Yet doesn't quite get the same attention as a 25% drop in house or stock prices.
Click to expand...

It's not quite that simple, it's more the inflationary impact in the drop of the dollar that erodes the savings, and whilst it may have an effect on inflation, and therefore the real value on people's savings, there is not a 1:1 correlation between the AUD:USD exchange rate and amount of inflation. Unless of course you are planning on a move to the US or anywhere with currency pegged to the US, and want to take your savings with you.
 
Down, down, way on down... - to normal (if we're lucky).

AUDindex.JPG

It was the up that was the anomaly...
 

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