Aussie dollar on the rebound?

Discussion in 'Currencies' started by SilverDJ, Apr 29, 2015.

  1. SilverDJ

    SilverDJ Well-Known Member

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    Looking like a fairly decent recovery of late.
    [​IMG]

    Temporary? or will it hold or continue?
     
  2. willrocks

    willrocks Well-Known Member Silver Stacker

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    Is it? Or is it a USD decline?
     
  3. boyd_05

    boyd_05 Member Silver Stacker

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    Not if the RBA can help it :p
     
  4. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    If the USD index breaks below decent support at the 94 level, I would think the Aussie will at least hold its own against the USD for a while. There hasn't been any dramatic improvement in the Australian macro data to support the rise. It's all the US
     
  5. silver kook

    silver kook Active Member

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    It is more to do with the iron ore price rally. It has now surged to $60 a ton and our dollar has moved up with that. Some trend setters in the media are calling the Aussie Dollar the "Iron Dollar"with the theory being as iron ore rises so will the $. .
     
  6. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    How does that explain the Euro, Pound, Canadian and New Zealand currencies rising against the USD?
     
  7. petey

    petey Active Member Silver Stacker

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    To the moon please. I am trying to cut my ties with Oz, this will make selling up and transferring to HKD much easier.
     
  8. SilverDJ

    SilverDJ Well-Known Member

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    From my perspective I don't really care who's the prime mover, as long as that graph keeps moving upwards.
     
  9. willrocks

    willrocks Well-Known Member Silver Stacker

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    He bounced once

    [​IMG]
     
  10. Peter

    Peter Well-Known Member

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    The US dollar has declined 2.5%.
     
  11. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    So does that mean the price of silver is going to drop further?

    I was under the impression that the only reason silver was doing so well in AU$ was because the Aussie Dollar was low compared to the US$ (which is the currency that silver is sold in internationally)
     
  12. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    What do you measure that against? I thought that the only relative measure of the US dollar was pretty much the price of gold. Is there a yardstick to determine the relative price of the USD?
     
  13. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    There's a couple of indexes that measure the USD against a basket of other currencies.

    http://en.wikipedia.org/wiki/Dow_Jones_FXCM_Dollar_Index
    http://en.wikipedia.org/wiki/U.S._Dollar_Index
    http://en.wikipedia.org/wiki/Trade-weighted_US_dollar_index
     
  14. Revils

    Revils Well-Known Member Silver Stacker

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    If the dollar rebounds further it just means they'll cut rates here
     
  15. long88

    long88 Member

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    aud is going to drop in next rba meeting.. from 0.8xx to 0.7xx or interest rate is going to drop.. this is the sign for it.
     
  16. neonuke

    neonuke Well-Known Member Silver Stacker

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    or perhaps the market has priced in a rate hold?
     
  17. long88

    long88 Member

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    could be...

    and force glenn stevens to drop the rate again... (Yay!!!)

    our rate is not low enough yet.. in comparison to the other country..



     
  18. serial

    serial Well-Known Member Silver Stacker

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    I hope so I have a heap of coins I need to get graded at pcgs and it cost over 20% more to do it now that last year
     

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