$AU vs $US

Discussion in 'Markets & Economies' started by crojo, Jul 25, 2013.

  1. Peter

    Peter Well-Known Member

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    AUD to 70c?
    It was there only a few years ago.
    Its high only due to internation currency gambling.
     
  2. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    The FX market is even more non-predictable than gold and silver paper/commodity markets.

    As with everything else in the last decade, the only thing currency pairs readily and predictably react to is central bank intervention.

    Between Jun to Oct 2008, AUDUSD went from 0.97 (Jun) to 0.61 (Nov). See for yourself https://www.google.com/finance?q=AUDUSD&ei=m6z5UeDuJIrZkAW7_QE

    All the paid FX pundits are two-armed bandits, because they always say 'on the other hand...this is why it could go the other way'. Never let themselves be tied down as wrong.
     

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