What's your prediction on the Australian Dollar?

[SYD]

Some highs we haven't seen for some time. FX markets possibly starting to factor in an interest rate hike in AU next week.

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Add IDR to your list as another big increase tracking similar to NZD. Upwards!

 

[kpc]

Keep going little Aussie battler!

 

[transpactraveller]

AUD seems to be rising against all major currencies. ChatGPT tells me it's due to our interest rates going up whilst others are going down, a stronger economy compared to many other nations, and higher commodity prices boosting our export earnings.

 

[elanshin]

AUD seems to be rising against all major currencies. ChatGPT tells me it's due to our interest rates going up whilst others are going down, a stronger economy compared to many other nations, and higher commodity prices boosting our export earnings.

The main thing that's shaking up right now is AUD is currently perceived as one of the safest currencies combined with our treasury bond yields with the war.

Traditionally Yen has been the "safe haven" during uncertainty but it may be that the market feels disruption to oil supplies will hit Japan harder.