What the fukk is happening to the AUD?

[col0016]

I'm going to the U.S in a week and I've watched the dollar go from over 97 to under 92 in the last month. Somebody tell me what it is dropping so hard when the U.S is printing like crazy?

 

[thatguy]

Hope it continues .50 would be nice . Seems JPY is collapsing against the EUR and USD, could be a Bug just found a windscreen and there is a flight to safety (LOL)

 

[petey]

Got some US cash to sell. Happy to see it tank for a bit.

 

[DanielM]

I'm going to the U.S in a week and I've watched the dollar go from over 97 to under 92 in the last month. Somebody tell me what it is dropping so hard when the U.S is printing like crazy?

Well sucks to be you then, should have been wiser and bought at 97c I mean it did run up from 89c

 

[mmm....shiney!]

I'm going to the U.S in a week and I've watched the dollar go from over 97 to under 92 in the last month. Somebody tell me what it is dropping so hard when the U.S is printing like crazy?

http://forums.silverstackers.com/message-606387.html#p606387

 

[col0016]

I'm going to the U.S in a week and I've watched the dollar go from over 97 to under 92 in the last month. Somebody tell me what it is dropping so hard when the U.S is printing like crazy?

Well sucks to be you then, should have been wiser and bought at 97c I mean it did run up from 89c

Haha yes I should have. I thought it would settle at like 95 :/

 

[long88]

currency war.. race to debasement...

 

[Roswell Crash Survivor]

"Australia rejects raising debt ceiling, hopes to avoid America-style shutdown"
http://rt.com/business/australia-senate-rejects-debt-718/

This makes highly leveraged AUDUSD carry traders wary of the AUD, even being the prettiest horse in the slaughterhouse (by having the highest interest rate in a Western OECD economy) isn't enough.

 

[DanielM]

I'm going to the U.S in a week and I've watched the dollar go from over 97 to under 92 in the last month. Somebody tell me what it is dropping so hard when the U.S is printing like crazy?

Well sucks to be you then, should have been wiser and bought at 97c I mean it did run up from 89c

Haha yes I should have. I thought it would settle at like 95 :/

Its always a gamble, best thin to do is change when you're comfortable, when I went over to the us I changed about 3 months prior @107c I thought it could keep going but didn't want to be greedy

 

[jparrie]

Get down you little Au$$ie battler!

I have been long GBP from $1.6961, loving this!

 

[boyracer]

The Reserve Bank wants the AUD under 90c to try and stimulate economic growth. Although this will also drive inflation which doesnt seem to be cared about anymore.

The "pundits" are talking about 85c by end of 1st quarter 2014.

They can just "fix" inflation nowadays by just changing the calculation methodology. So much easier. Leaves much more time for their mutual self admiration meetings!