Aussie dollar to drop below 66c - "benign" collapse ahead

What strategies will you use to lock in a high AUD assuming it should definitely fall from around .80? Precious metal has tracked the AUD up and down over recent but that should change soon too.
I was looking at ETF's YANK or POU but just cant decide on the best way to buy and hold USD or other at the right time, anyone using Goldmoney to their advantage?
 
ParanoidAndroid said:
Bitcoin.
Click to expand...
Im not adverse to technology and I get all the advantages of crypto but I just don't see how any of the coins are going to show price stability. I see one is backed by gold but being stored in the US so its up for confiscation when it suits and then its backed by nothing. Ill keep crypto as an option for transacting but not a reliable store of value... just yet.
 
I have been anticipating 7840 as good level for AUD to bounce off, macrobusiness has a post today " Has AUD peaked" makes me more confident
 
NLwF4hCeQx2dLvvEOfpD-g.png
n
This area needs to hold which lines up with old yearly highs, if not will probably keep selling off to 77
 
Last edited:
http://www.smh.com.au/business/mark...2019-says-morgan-stanley-20171120-gzpeev.html

Australia's dollar is set to fall to the weakest since the aftermath of the global financial crisis in 2009 as it loses its standing as a high-yielding currency, according to Morgan Stanley.

The Aussie will drop to 67 US cents in 2018 before retreating further to 65 US cents in 2019 as the nation's benchmark rate will eventually go below the Federal Reserve's, said Hans Redeker, the London-based chief global currency strategist at Morgan Stanley, the most bearish forecaster of the currency.
Click to expand...
 
SilverDJ said:
If this eventuates then it takes away much of the desire of the reserve bank to keep interest rates low, and this is a good thing IMO. Although I hate a falling AUD.
Click to expand...

It'd be a good time not to have many AUD denominated assets. Better performers would be precious metals, crypto, foreign assets ... etc.

Also higher interest rates will negatively affect Australian real estate prices.
 
With probably some more modest falls to come. With the RBA already expected to cut further, though some of that is already priced in i would expect.
 
good call but pretty obvious
AUD was worth 50 US cents back around 2003ish
AUD went to 1.10 USD or about that in the wake of the GFC and TARP.
70 cents or so is more like the long term average
it makes a difference if you are buying stuff from the USA or trading with the US but otherwise day to day not so much
 
You must log in or register to reply here.
Back
Top