Stupid Australian $

[Adzma]

Well I certainly expect we won't be at 90 US cents for quite a few years from now.

[STL]

Well, well, well, 0.7142 USD tonight. Very interesting. Sustainable I still think not.

I was at a Societe Generale lunch today and the suggestion, which I agreed with, is that the Australian dollars appreciation is not sustainable. And if it is, that raises larger problems in the domestic economy b/c of our trade flows

[sanbot]

I think its simple.

World economy not good = AUD not good
World economy good = AUD good

This sudden rise in AUD is going to be short lived.

[MV75]

72 cents. Whoo.

[STL]

Just wanted to share that as part of the work I do for my company, we project that the AUD will close in on 80c within the third quarter of this year. It's our expectation is that levels of risk aversion should increase and coupled with interest rate differentials as well as an anticipated Asian-led recovery this will spike demand for our resources and hence reinforce the underlying strength of the AUD. Talking with contacts from other large firms, there seems to be a lot of agreement that north is the direction for the AUD.

So we're expecting good times ahead O/S buying so perhaps if you have that large acquisition you want O/S wait till about September/October.

'Course, don't take my word for it. Analysts didn't predict the Financial Crisis, so they're not always right but still figured that I'd share some insight/reasoning that I've been coming across.

[blackie]

Just wanted to share that as part of the work I do for my company, we project that the AUD will close in on 80c within the third quarter of this year. It's our expectation is that levels of risk aversion should increase and coupled with interest rate differentials as well as an anticipated Asian-led recovery this will spike demand for our resources and hence reinforce the underlying strength of the AUD. Talking with contacts from other large firms, there seems to be a lot of agreement that north is the direction for the AUD.

So we're expecting good times ahead O/S buying so perhaps if you have that large acquisition you want O/S wanted till about September/October.

'Course, don't take my word for it. Analysts didn't predict the Financial Crisis, so they're not always right but still figured that I'd share some insight/reasoning that I've been coming across.

and i was thinking of buing a car round about then... maybe i should just buy a POS and get a fort max.....hmm decisions decisions :P

[Ode to a Grasshopper]

We're up to about 75 yen to the dollar.