What's your prediction on the Australian Dollar?

[I love to travel]

Dollar down over 2% today

 

[SydneySwan]

Dollar down over 2% today

Falling through the floor this evening - under 62 US cents, 56 Eurocents, 47.5p and 90 yen.

 

[SYD]

Falling through the floor this evening - under 62 US cents, 56 Eurocents, 47.5p and 90 yen.

VA2.0 quickly looking for extra QR wetleases!

 

[dajop]

Seems to be in freefall. But the winner so far is the CHF… it's gone up 1.7% against the USD and 5% against the AUD ...

 

[Tiki]

Down to 60.2 US cents

 

[snabbu]

Looks like it fell below 60 US cents for a moment yesterday

 

[SydneySwan]

Even the weakish pound went up 3% v AUD yesterday and the UK economy is in much worse state than Australia.

 

[Saab34]

Oil is falling through the floor also. Airlines will be lucky in that any traffic issues on some routes will likely be offset by record low fuel pricing.

 

[I love to travel]

Has this been the greatest 1 day drop ever? Never seen a 3 cent drop.

 

[markis10]

Has this been the greatest 1 day drop ever? Never seen a 3 cent drop.

Oct 2008 saw a number of days where it dropped 7-8% or 5c from 0.67 open to 0.62

 

[clifford]

Even the weakish pound went up 3% v AUD yesterday and the UK economy is in much worse state than Australia.

Not that it's all that relevant. It's more sentiment driven. However I did take the opportunity to convert some GBP to AUD this morning, but I expect that the Aussie will fall a little further in the short term (but who knows?).