What the fukk is happening to the AUD?

Discussion in 'Currencies' started by col0016, Nov 22, 2013.

  1. col0016

    col0016 Active Member

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    I'm going to the U.S in a week and I've watched the dollar go from over 97 to under 92 in the last month. Somebody tell me what it is dropping so hard when the U.S is printing like crazy?
     
    col0016, Nov 22, 2013
    #1
  2. thatguy

    thatguy Active Member

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    Hope it continues .50 would be nice :) . Seems JPY is collapsing against the EUR and USD, could be a Bug just found a windscreen and there is a flight to safety (LOL)
     
    thatguy, Nov 22, 2013
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  3. petey

    petey Active Member Silver Stacker

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    Got some US cash to sell. Happy to see it tank for a bit.
     
    petey, Nov 22, 2013
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  4. DanielM

    DanielM Active Member Silver Stacker

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    Well sucks to be you then, should have been wiser and bought at 97c I mean it did run up from 89c
     
    DanielM, Nov 22, 2013
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  5. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    mmm....shiney!, Nov 22, 2013
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  6. col0016

    col0016 Active Member

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    Haha yes I should have. I thought it would settle at like 95 :/
     
    col0016, Nov 22, 2013
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  7. long88

    long88 Member

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    currency war.. race to debasement...
     
    long88, Nov 22, 2013
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  8. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    "Australia rejects raising debt ceiling, hopes to avoid America-style shutdown"
    http://rt.com/business/australia-senate-rejects-debt-718/

    This makes highly leveraged AUDUSD carry traders wary of the AUD, even being the prettiest horse in the slaughterhouse (by having the highest interest rate in a Western OECD economy) isn't enough.
     
    Roswell Crash Survivor, Nov 23, 2013
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  9. DanielM

    DanielM Active Member Silver Stacker

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    Its always a gamble, best thin to do is change when you're comfortable, when I went over to the us I changed about 3 months prior @107c I thought it could keep going but didn't want to be greedy
     
    DanielM, Nov 23, 2013
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  10. jparrie

    jparrie Member

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    Get down you little Au$$ie battler!

    I have been long GBP from $1.6961, loving this!
     
    jparrie, Nov 25, 2013
    #10
  11. boyracer

    boyracer Member

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    They can just "fix" inflation nowadays by just changing the calculation methodology. So much easier. Leaves much more time for their mutual self admiration meetings!
     
    boyracer, Nov 26, 2013
    #11

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