Stupid Australian $

[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.

[MV75]

76cents. Whoo.

Should be more like $2 though with the us bankrupt.

I still wonder how a country that's tanked and being gutted of some of its largest manufacturing is still so strong.....

[Tober]

It almost made it to 77 too...

They are essentially in debt to themselves arn't they?

[STL]

76cents. Whoo.

Should be more like $2 though with the us bankrupt.

I still wonder how a country that's tanked and being gutted of some of its largest manufacturing is still so strong.....

But it's still about demand and supply and quite frankly the demand for the AUD has never been as strong as the demand for the US. And unless we have a population explosion it never will.

Realistically, the only way the AUD appreciates is on the back of commodities and trade flows, not on its inherent strength or the relative weakness of another economy.

The current exchange rate is a bit too early and too high in my estimation. I suspect that it should drop back down to low-mid 70s and maintaining that level for some time. We're still expecting interest rates to bottom out at some point and it doesn't appear they have. Not to mention the budget should prove very interesting too as to where the economy sits in the coming year and the years thereafter.

[Adzma]

Just saw today that our dollar is now buying 80 US cents. Lets keep our fingers crossed that it goes even higher.

[kup]

If it reaches the levels of last year, I may go crazy buying the rest of what I need to complete G1.

The only heavy hitter in terms of cost that I have left to get is Monstructor while a medium one is Computron.

[Blink90210]

Wasn't there talk of parity at one stage? In any case, I might think about loading up on USD once again.

[Ode to a Grasshopper]

I bought a whole bunch of yen a few weeks back because 71 yen was looking good (and for then it was quite good too)...now it's up to almost 80. Boy does my timing suck.