Question.....will we ever see parity again? I miss having a stronger dollar already, had a trip to Hawaii around the $1.08 mark, lots of internet shopping. And oh buying silver.....how I miss my strong dollar. I don't think an interest rise is on the horizon to help the dollar. What other activity do you think will come in the near future to help or kill our Aussie dollar? Will we ever stick our head out infront of the USD again?
No chance of parity as the RBA keeps cutting interest rates. I've predicted the cash rate to be 2% by the end of the year although it looks like it'll probably be 2.25%.
AUD to Euro was .86 at one stage Maybe we can get an apartment in Berlin? Start looking... .81 Buy tickets... .80 Arrive next week - predicting .69 and apartment off the table EDIT: I know this is an AUD/USD thread but figured AUD/any currency would be relevant I was buying vinyl from the States and even with shipping it was at least 20% cheaper - haven't bought any records since going under (parity)
I wouldn't be surprised, I mean it will kill the AUD so for me means less silver but more $$$ onto my loan instead of up in the air as interest. I think exporters do need a litte break though
mmm. Just check out the fixed rates on offer from the Banks for longer periods - 5 years and they're quoting near the old rates.
WoW I just checked the rates on term deposits with my bank and i've never seen them above the cash rate before 2.75% upto 11months then 3.65% at 12 months and up and up from there
OK, so how many expert analysts were projecting this? I love the way all these "experts" now come out of the woodwork on TV and start BS-ing about where the AUD is going when they have as much of a clue as a 9 year old. I know of only one, John Abernethy of Clime, who was saying 85c when all the others were spouting $1.10+. Any more?
I still think there's a chance of another rate cut. If the AUD keeps rising like it has been then December looks likely.
Holding my USD cash for now. That will learn me for being lazy when I should have changed it back to AUD.
As I have stated in many other posts, I will not be suprised if the u.s. dollar moves to new high before new lows..... When it does finally break, we will definitely see parity and beyond....it is possible to touch parity before this but come the time when the u.s. dollar breaks....we could be looking eventually at about $1.50 u.s. to the aussie dollar....we have been there before......during the 70's when the RBA set the exchange rate, we touched $1.46.....we have been there and we shall return...all in time.
