Apparently the dollar is getting weaker upon speculation of QE3 or something similar thereof...at least according to Bloomberg Me thinks that Bernanke and the Fed is out of options
CPI up as well will help support the dollar. http://www.smh.com.au/business/consumer-prices-leap-on-food-fuel-costs-20110427-1dvtg.html
Only if you can keep being paid in AUD, or don't need an income anymore lol. Food, energy and taxes continue to rise in costs while wages are decreasing. Not looking good here.
They've got an option that they're scared to implement. That is to raise interest rates so that they at least provide a neutral return and if that fails hike interest rates until people scream. 18+ interest or bust
I bought something in America on eBay recently, and they didn't pass on the full AUD/USD exchange rate. It was $USD48, and the rate was off by about $1 or so. (sorry it's vague, I can't remember the specifics) Maybe paypal has their "own" AUD/USD exchange rate? (grumbles) Something to keep an eye on I guess.
Whoever deals with currencies will have their rates which are around 2-4% higher than what the stock market indicates. paypal has to make money that way too.
all the people that bought US cash at parity-1.01 must be hurting now ... i walked past a bank during that frenzy stage and the line was HUGE
Yeah spoke with some co-workers today and apparently they bought a fair bit when it was 1.01-1.03, around five digits anyhow I think. Makes me wonder WHY people would do such a thing without researching first...