Falling!!! Help!!!

[Alanslegal]

Re: US Dollar Watch

The Flight Centrel Money Exchange on George St Sydney between Market and King St has an exchange rate of 0.6900USD with no commission or fees.

A very good rate given xe.com is currently showing 0.6992USD

 

[Mrmaxwell]

Re: US Dollar Watch

I think I will frame my banking receipt from Bank of America when I exchanged at a rate US$0.989 in Nashville last July. If only I had a couple of hundred thousand lying around back then...

 

[fortymilliondaggers]

Re: US Dollar Watch

I think I will frame my banking receipt from Bank of America when I exchanged at a rate US$0.989 in Nashville last July. If only I had a couple of hundred thousand lying around back then...

...you would have been the only person making money in the last year.

 

[Warks]

Re: US Dollar Watch

I've reached the point of looking up the current price on my phone when out during the day! Also keeping an eye on the Canadian as I'm spending more time there than in the US. Sitting at about $C0.86 which is pretty good.

 

[drron]

Re: US Dollar Watch

...you would have been the only person making money in the last year.

Not quite.Selling your NYC real estate early 2008 before the majority of finandial services lay offs then repatriating the money when the dollar hit 62c was pretty good.

 

[turtlemichael]

After hovering marginally above and just below 70 cents for a week or so the dollar goes down to around and slightly above 67 cents earlier this week. Yesterday, given the retail sales figures, speculation increases about an interest rate reduction next week. So the dollar should go down a little further maybe? No. Today (at least at the moment I am writing) it is over 70 cents again. What do I know. :shock:

 

[serfty]

It seems:

• US Stock market up--> AUD UP against the Green Back.
• US Stock market DOWN --> AUD DOWN.

 

[JohnK]

For anyone planning to go overseas this year pay for everything now.

I will be going on a RTW trip in August/September and I plan to pay for most things soon so I expect the AUD to tumble against the USD, CAD and EUR.

 

[turtlemichael]

Most of the time that seems to be broadly right, Serfty except if there is some other strong influencing factor eg big rise/fall in mineral prices, interest rate rise or fall or, most likely, I or drron are wanting to buy foreign currency. :shock:

So I guess the possibility of a half point cut is already factored in or not thought likely by the market. But how did the market know that I bought currency 2 days ago?? :-|

 

[oz_mark]

Most of the time that seems to be broadly right, Serfty except if there is some other strong influencing factor eg big rise/fall in mineral prices, interest rate rise or fall or, most likely, I or drron are wanting to buy foreign currency. :shock:

Not so long ago I saw a chart of the AUD versus a resource price index, and it has tracked that up and down quite closely over the years.

(Edit to Add: Take a look at the Reuters/Jeffries Commodities Index, and the AUD/USD chart here: http://www.dailyfx.com/story/foreca...lian_Dollar_Forecast___Why_1224776577122.html)

 

[serfty]

You can also factor in the ~10% devaluation of the USD Mid march (The USA Government employing the Mugabe philosophy).

 

[drron]

Most of the time that seems to be broadly right, Serfty except if there is some other strong influencing factor eg big rise/fall in mineral prices, interest rate rise or fall or, most likely, I or drron are wanting to buy foreign currency. :shock:

So I guess the possibility of a half point cut is already factored in or not thought likely by the market. But how did the market know that I bought currency 2 days ago?? :-|

How did you know it was happening now.However since I have retired the world has turned upside down.Before last years extravaganza I got my foreign currency the day the Aussie peaked.
For this time I prepaid my rental cars and hotels(helped that Starwood had a sale) when the dollar was over 70 cents.Have just got back from buying my $US TCs at 0.6927(commission free).
So what will happen?Has drron finally removed his curse?If so expect the Aussie to now plummet until the 14th,rise strongly until about mid may then sink like a stone until late july when I will be back in the market for some more foreign cash.

 

[Keith009]

sink like a stone until late july

I'm meant to be shopping in the US for the month of July...:evil:

 

[Danger]

Have just got back from buying my $US TCs at 0.6927(commission free).

drron, may I ask where you got your TCs from at that price? ANZ are today selling them at 0.6803.

 

[drron]

drron, may I ask where you got your TCs from at that price? ANZ are today selling them at 0.6803.

Which bank(wouldnt let me reply CBA).However just checked on line and notice it is ~0.68 now.However through expressFX it is still quoting 0.6927 but there will be a commission so effective rate~0.685

 

[Warks]

Re: US Dollar Watch

Currently US$0.707 to the $A.

Even better for me CAD$0.886.

Keep it going!

 

[oz_mark]

Re: US Dollar Watch

Pretty impressive trade surplus figure out today, gave it a boost

 

[kpc]

AUD1 = USD 0.71 = JPY 71 = EUR 0.53
C'mon, little Aussie battler...keep up the good work!!

 

[Alanslegal]

AUD1 = USD 0.71 = JPY 71 = EUR 0.53
C'mon, little Aussie battler...keep up the good work!!

@ 1150pm aest :-

AUD1 = US0.7142; JPY70.88; EUR0.53

 

[Mal]

AUD-> SGD is currently $1.07

Would be much nicer around $1.20 or so, but happy at around $1.10.