Discussion in 'Currencies' started by goldpelican, Apr 27, 2011.
Australian dollar just breezed past $1.08, and is heading north.
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
USD Index at lowest since GFC
CPI up as well will help support the dollar.
now all we need is silver & gold to tank for a superb buying opportunity
Is it time to move to the US for their cheap housing and cheaper everything except gold/silver?
NO FREAKING WAY!
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.
What are you going to pay me?
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
That's bad news for Aussie exporters.
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.
Yes they do have their own exchange rate,been caught out twice
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.
Commbank is predicting $1.12 by the end of September
the AUD will get there by end of May
Just bobbed up over 1.09
I wonder when this becomes an "issue"
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
Sounds like a bubble in the US dollar!
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...
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