AU$ parity with US$? Is it going to happen soon?

E

errol43

New Member
Silver Stacker
The price of the Aus $ is slipping against the US at at its current rate of fall, could see it at parity by tonight.

What's your opinion?

Regards Errol43
 
Grr!! AUD dropping with Silver is sooo annoying! I know there is reason but still makes me annoyed. Seeing Silve down $.71 in USD and up $.40 AUD just ruins a great buying opportunity.
 
Its dropping like a rock & im not happy cant understand why to be honest nothings changed here & nothings getting better in the US . The illusionists are winning by the looks of it
 
renovator said:
Its dropping like a rock & im not happy cant understand why to be honest nothings changed here & nothings getting better in the US . The illusionists are winning by the looks of it
Click to expand...

David Copperfield proudly presents the "USDAUD - Watch the Magic Unfold" :P
 
Is it safe for foreign investors to start putting there money back into high-risk currencies? I think not.. markets always over-correct.. maybe well go down to .92 US per AU$1.

Id say the Japanese and American currencies are gaining the most from this economic uncertainty. Aussie and NZ dollar will be getting abandoned in droves in the short term as the EURO meltdown unfolds (these sell-offs are driven by a herd mentality with long-term fundamentals foresaken) so fear of more defaults should see silver (and base metals) fall along with the AU$ for the next week(s)

IF a non-american entity is in financial strife youll see this quite typcially. A resversal will occur when we see some good growth stats coming out of asia... even an economic calamity in US would still see more demand for US$ and Japan yen on risk aversion (as these currencies still maintian a safe haven status - albeit an illusion.)

1for1
 
Hey Franko, the markets are once again calling the RBA's bluff since the RBA deputy governor came out today stating anybody expecting a rate cut will be disappointing. But ultimately it will be the market who sways the RBA.

AUD - 0.98499
ASX200 - 3,905.1
DOW- 10,893.0
S&P500 - 1,140.38
 
Timberrrrrr....Gold breaks through 1750 we could have a serious fall in gold(1550-1600) priced in USD and a significant rally in the DXY now(atleast if you believe technical).

Gold - 1,752.900
AUD - 0.98067
ASX200 - 3,886.0
DOW- 10,833.9
S&P500 - 1,133.56
 
I believe the upside potential for this move in the USD is supposed to be 80, so we are almost there. Compare this drop in the AUD to the 08-09 crisis and this move is just a minute squiggle on the screen.
 
It looks like the USD is the flavour of the month at the moment.
Everything else is either down or downgraded.
 
Go have a meditiation and come back to the AUD at $0.9778 ? What happened? Did someone get shot or something? Was there a shooter on the grassy knoll .... in Canberra? :lol:
 
Gino said:
Go have a meditiation and come back to the AUD at $0.9778 ? What happened? Did someone get shot or something? Was there a shooter on the grassy knoll .... in Canberra? :lol:
Click to expand...

Please stop meditating, there is something on American eBay I am after and the exchange rate is doing me no favours
 
You must log in or register to reply here.
Back
Top