What's your prediction on the Australian Dollar?

[cove]

That makes more sense. I was thinking I would trade off that $5 million at 0.777 and have enough to buy champagne and some lovely red wine.

 

[amaroo]

Oh, so my memories of the 1980s are not real? Think I'll file your opinion on my experiences with the rest of your BS.

Edit: This is what I mean. 17% interest rates for 4.34 months, what I wouldn't give for that with the 8% wages increase. To quote Python - You Lucky B*******s. Meanwhile, I'm lucky to get an agreed 2.4% increase and my "employer" cuts that agreed, locked in EBA, by 0.25% to cover superannuation increases.

You posted you read about it

FWIW whinging is not the recommended method for acheiving a better wage!

 

[medhead]

You posted you read about it

FWIW whinging is not the recommended method for acheiving a better wage!

No, I actually posted that there was an interesting newspaper story. Interesting in that it gave numbers for what was experienced.

As for getting a better wage, that's right, we should just go out and get a good job that pays well. Or perhaps we get daddy's mates to pay our university fees, and then give us a job.

 

[JohnK]

FWIW whinging is not the recommended method for acheiving a better wage!

What's the recommended way?

Performance in our company means nothing. Everyone gets the same p!ss poor salary increase even the ones who spend 25% of their work day at lunch.

 

[Flashback]

What's the recommended way?

Performance in our company means nothing. Everyone gets the same p!ss poor salary increase even the ones who spend 25% of their work day at lunch.

Odd, I find the 25 percenters are the ones who tend to get the higher increase!

 

[amaroo]

What's the recommended way?

Get a better job...thousands of people do it everyday

 

[drsmithy]

Get a better job...thousands of people do it everyday

Perhaps it would be easier if there weren't 6-7 people for every available job.

 

[quokka77]

Let's play fill the blank. The effect of a possible Grexit on the AUD:USD rate will be ____________.

 

[quokka77]

Other currency observations: AUD has risen sharply against the NZD since they were nudging parity a few weeks ago ("as long as we beat NZ"). AUD:USD just keeps bouncing around 77 / 78 tho. Anyone see it breaking out of this range significantly anytime soon? None of the RBA trash-talking seems to pull it down.

 

[JohnK]

Odd, I find the 25 percenters are the ones who tend to get the higher increase!

You are probably right and it doesn't surprise me.

Get a better job...thousands of people do it everyday

There is a reason I am working in Brisbane and it's not because I enjoy living here....

 

[robd]

Has anyone checked the crystal ball lately? AUD/USD going to go up or down?

 

[Foreigner]

It's swaying like a pendulum.

 

[dajop]

Don't know if it's falling off a cliff today, but certainly rolling down a big sand dune. Almost at 0.75, down 2% in last 12 hours. Have been following it closely and getting very close to parity with SGD too.

 

[Foreigner]

A NO vote in Greece will have a bigger impact on a number of currencies.

For currency traders it will be an early and nervous start Monday Sydney time:

http://www.bloomberg.com/news/artic...ans-shorter-weekend-for-asia-s-currency-desks

Analysis of major currencies against USD in first half of 2015:

http://www.bloomberg.com/news/artic...f-world-s-worst-currency-predicting-more-pain

 

[whatmeworry]

Whether Greece votes Yes or No, it will be an interesting week for the Aussie and Euro.

I suspect the Currency traders many on holidays at the moment would have been parking their cash in US dollars, Swiss Francs and British Pounds.

 

[Awesom Andy]

Whether Greece votes Yes or No, it will be an interesting week for the Aussie and Euro.

I suspect the Currency traders many on holidays at the moment would have been parking their cash in US dollars, Swiss Francs and British Pounds.

I probably would've went for some sort of a straddle with options on one of the significant movers.

 

[drross]

A NO vote in Greece will have a bigger impact on a number of currencies.

For currency traders it will be an early and nervous start Monday Sydney time:

Currency Traders Face Shortened Weekend as Greek Vote Looms - Bloomberg Business

Analysis of major currencies against USD in first half of 2015:

Best Forecasters of World’s Worst Currency Predicting More Pain - Bloomberg Business

thanks Foreigner. very interesting articles.

 

[Foreigner]

Greeks defiant and overwhelmingly vote NO to bailout reforms.

 

[cove]

If Greece goes to their own currency it could give their tourism industry a boost. I just hope the chaos from their banking system does not hurt the most vulnerable.
Going back to the start of this thread we should have bought a few more U.S. Dollars at the rate of better than one for one.

 

[Foreigner]

Going back to the start of this thread we should have bought a few more U.S. Dollars at the rate of better than one for one

Hindsight is a wonderful thing, isn't it.

Aussie at 74.49 so far today.