What's your prediction on the Australian Dollar?

[CaptainCurtis]

Well, I just remember being in New York maybe 2010 when the AUD was parity. I had so much fun shopping. Still wear some of the clothes I bought.

I was in Hawaii around that time, and remember doing the same at all the outlets.

 

[I love to travel]

Got a very nice bounce today

 

[I love to travel]

What do people think will happen this week. I have a sense it will drop

 

[SydneySwan]

What do people think will happen this week. I have a sense it will drop

Some days dollar will be up, some days it will be down.

 

[SYD]

What do people think will happen this week. I have a sense it will drop

Why?

 

[Sprucegoose]

Some days dollar will be up, some days it will be down.

Some days it may not move..........

Post automatically merged: Sep 22, 2024

What do people think will happen this week. I have a sense it will drop

What do you know that Nostradamus missed?

 

[marki]

Today, Aussie 0.614 Euro cents not bad direction for those going to EU 17:03 WA time

 

[marki]

 

[Sprucegoose]

Interest rates (relative and otherwise), commodity prices (the AUD is a speculative currency), economic data, outlook and sentiment, and relative monetary policy of our key trading countries—oh, and the global economic outlook. Crack this, and you'll understand the AUD!

 

[serfty]

Interest rates (relative and otherwise), commodity prices (the AUD is a speculative currency), economic data, outlook and sentiment, and relative monetary policy of our key trading countries—oh, and the global economic outlook. Crack this, and you'll understand the AUD!

 

[gaz0303]

We had an economist deliver a plenary at a conference last Thursday morning. He predicted a rise in unemployment, an interest rate cut and upside to the AUD. Guess 1/3 right pays the bills.

 

[marki]

That's a good way actually

Post automatically merged: Sep 25, 2024

We had an economist deliver a plenary at a conference last Thursday morning. He predicted a rise in unemployment, an interest rate cut and upside to the AUD. Guess 1/3 right pays the bills.

Rarely do people get it that right!

 

[justinbrett]

We had an economist deliver a plenary at a conference last Thursday morning. He predicted a rise in unemployment, an interest rate cut and upside to the AUD. Guess 1/3 right pays the bills.

I guarantee all three of those will happen.

When is another question.

 

[I love to travel]

Anyone want to hazard a guess about whether the downward trend continues? Not sure whether to buy some now for September trip next year

 

[PLANT]

It's going to 60 cents... let's go so I can sell Brk/B

 

[clifford]

It's going to 60 cents...

Looks like that's a fair prediction...

https://www.fxstreet.com/analysis/the-australian-dollars-struggle-how-rising-debt-and-slowing-chinese-demand-could-pummel-aud-in-2025-202412180832

It'll certainly make overseas travel quite a bit more expensive in AUD. Glad I've got a reasonable stash of USD, GBP, EUR, SGD etc to tide me over the next year or two, or.....

 

[Virgin Bart]

Looks like that's a fair prediction...

https://www.fxstreet.com/analysis/the-australian-dollars-struggle-how-rising-debt-and-slowing-chinese-demand-could-pummel-aud-in-2025-202412180832

It'll certainly make overseas travel quite a bit more expensive in AUD. Glad I've got a reasonable stash of USD, GBP, EUR, SGD etc to tide me over the next year or two, or.....

Good time to be going on a month long US holiday....

 

[I love to travel]

Looks like that's a fair prediction...

https://www.fxstreet.com/analysis/the-australian-dollars-struggle-how-rising-debt-and-slowing-chinese-demand-could-pummel-aud-in-2025-202412180832

It'll certainly make overseas travel quite a bit more expensive in AUD. Glad I've got a reasonable stash of USD, GBP, EUR, SGD etc to tide me over the next year or two, or.....

I got really lucky when I stocked up 2 weeks ago. Whilst it had already dropped, has dropped a further 3 cents in 2 weeks and I think it will continue that way

 

[cove]

Yes the $AUD is vulnerable and dropped last night. It is not being helped by our current treasurer.
We are still a lucky country.

 

[ethernet]

Yes the $AUD is vulnerable and dropped last night. It is not being helped by our current treasurer.
We are still a lucky country.

I gave up faith in the AUD as it fell behind Canada and NZ - and even GBP that deserves a Keating S-Bend correction. I moved a large chunk into gold ETF (PMGOLD) years ago with three monthly increases and some to a US credit union at 67 cents or better paying more interest as well. Only to discover USA hotel prices are through the roof in refugee cities like NYC. I suggest super funds will NOT be building housing, given no building inspectors seem to do their job strictly. Oh the body corporate fees for (balcony concrete rot), roof leaks, structural cracking, and now pets, and rent caps. This will continue - as retirees don't believe the numbers being told.