$1.08

Discussion in 'Currencies' started by goldpelican, Apr 27, 2011.

  1. goldpelican

    goldpelican Administrator Staff Member

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    Australian dollar just breezed past $1.08, and is heading north.
     
  2. fishball

    fishball New Member Silver Stacker

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    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 ;)
     
  3. hiho

    hiho Active Member Silver Stacker

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  4. Silverthorn

    Silverthorn Well-Known Member

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  5. renovator

    renovator Well-Known Member

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    now all we need is silver & gold to tank for a superb buying opportunity
     
  6. Ouch

    Ouch Active Member

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    Is it time to move to the US for their cheap housing and cheaper everything except gold/silver?
     
  7. MelbBrad

    MelbBrad New Member

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    NO FREAKING WAY!
     
  8. heyimderrick

    heyimderrick Active Member

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    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.
     
  9. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

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    Possibly.

    What are you going to pay me?
     
  10. Nugget

    Nugget Active Member Silver Stacker

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    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
     
  11. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    That's bad news for Aussie exporters.
     
  12. Ag-ness

    Ag-ness Member

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    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.
     
  13. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    Yes they do have their own exchange rate,been caught out twice
     
  14. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    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.

    :)
     
  15. Stedlar

    Stedlar Active Member

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    Commbank is predicting $1.12 by the end of September
     
  16. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    the AUD will get there by end of May
     
  17. Stedlar

    Stedlar Active Member

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    Just bobbed up over 1.09

    I wonder when this becomes an "issue"
     
  18. unfunkable

    unfunkable Active Member

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    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
     
  19. Ouch

    Ouch Active Member

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    Sounds like a bubble in the US dollar!
     
  20. fishball

    fishball New Member Silver Stacker

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    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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