What's your prediction on the Australian Dollar?

[marki]

I am tracking the Euro and have used Citibank plus account for the very first time. They took the money today but I put in the transfer on Friday afternoon.

 

[Foreigner]

AD1.0000 = USD0.9132 at 07:30 Mar 25 - that little Aussie bleeder just defies gravity huh?

Ahem...what's the matter with the Aussie? ATM, high of 0.9243 for the day.

 

[marki]

Ahem...what's the matter with the Aussie? ATM, high of 0.9243 for the day.

Lots of talk over at the AFR http://m.afr.com/p/markets/market_wrap/on_the_rise_but_parity_unlikely_iNuu9JwQpAYXagLsk8PN3K

 

[Foreigner]

WIsh to update my iPad apps...any recommendations on FX app (with ticker) that shows movements and perhaps graph over day/week/month etc. ?

 

[JBH]

Yep, try FXCM.

 

[marki]

I am disappointed in the FX transfer rate offered by Citibank plus account. It's great maybe for small ATM withdraws where you get the bank rate and no fees.

I am now using HiFx and found them ok to IMHO better than Citi and better than Amexfx

 

[whatmeworry]

Aussie Dollar now predicated reach parity again.

Australian dollar climbing back to parity

 

[cove]

Last week I bought at 0.9392 and transferred it. It costs nothing to send but my receiving bank charge $20US.

 

[kpc]

Aussie Dollar now predicated reach parity again.

Australian dollar climbing back to parity

Go you good thing

 

[knasty]

Almost tempted to buy more AA miles...

 

[Tortuga]

I read a lot about fx due to the nature of my work. All these so called analysts have no idea what the rate is going to do. One week they say its off to 80c, the next back to parity. As soon as a small trend develops everyone jumps on the bandwagon. I also agree the Citibank Plus account is terrible for FX rates, don't bother - only use it for ATM withdrawals.

 

[Sprucegoose]

Last week I bought at 0.9392 and transferred it. It costs nothing to send but my receiving bank charge $20US.

Yes Cove I dollar cost average over a period of time so it will never be the lowest but never the highest. Keeps me happy!!

 

[JohnK]

I read a lot about fx due to the nature of my work. All these so called analysts have no idea what the rate is going to do.

Spot on.

I have no idea about foreign exchange but I am certain of one thing. The so called analysts have no idea.

 

[cove]

We can all agree on the fact that no one knows which way the currencies are going so just try to buy the highs.

 

[Himeno]

I read a lot about fx due to the nature of my work. All these so called analysts have no idea what the rate is going to do.

I agree. In mid 2008, they were saying it would be $1.10USD by the end of the year. By Oct 08, it was dropping to 60c.
In the last few weeks, their predictions have changed almost every few days for anywhere between 70c and 105c.

 

[Awesom Andy]

The so called analysts have no idea.

They all get them right eventually though - although it works in the way that if you call a direction for long enough, eventually, you will be correct.

 

[drsmithy]

I read a lot about fx due to the nature of my work. All these so called analysts have no idea what the rate is going to do.

That's because the AUD has long lost any connection with the actual economy, and is now simply the plaything of FX gamblers.

 

[Sprucegoose]

It will both appreciate and depreciate

Who asked this question ?

Does night follow day ???

 

[marki]

It will both appreciate and depreciate

Who asked this question ?

Does night follow day ???

Well day follows night .....

 

[Flashback]

Well day follows night .....

... and night follows day!