Falling!!! Help!!!

[markis10]

Actually, I don't think it got near to $0.88. It's trading now at $0.8917 after falling to a low today of $0.8895.

The radio must have been rounding down!

 

[Flashback]

The pound has finally dropped to .58 too, interesting times.

 

[JohnK]

Eventually someone is going to be right....

 

[Tortuga]

My money is on it getting weaker, I don't see any fundamentals changing direction in the short term.

 

[robd]

Eeeeeek...!

 

[markis10]

Down Down, another interest cut, I am guessing the Dollar will follow Coles.

 

[burmans]

Down Down, another interest cut, I am guessing the Dollar will follow Coles.

Actually the rate cut was widely expected so if fact the rate has gone up last 24 hours but I agree the general direction remains down!

 

[markis10]

Actually the rate cut was widely expected so if fact the rate has gone up last 24 hours but I agree the general direction remains down!

I got it wrong, can I call myself an expert now, LOL

 

[robd]

Eeeeeek...!

I guess it fell on the expectation of today's outcome when I posted yesterday. Glad to see it hasn't continued with the outcome confirmed.

 

[JohnK]

I am sure someone is following this thread and feels excited....

 

[Flashback]

I am sure someone is following this thread and feels excited....

I am given I'll be in Aus in a few weeks

 

[cove]

Bring some pounds Flashback as Kev spent a billion in the first 24 hours on buying votes.

 

[markis10]

Bring some pounds Flashback as Kev spent a billion in the first 24 hours on buying votes.

I thought it was Yen to Toyota.

 

[cove]

We bought the olds a new Toyota and it came with a four year interest free period for a five dollar fee. I tried to get a cash price but no deal so Mr Toyoda is getting repaid in devalued Aussie dollars. My FIL is about to have his annual driving test and at his age who knows how that will go.
The Aussie dollar held despite the interest rate cut so we are at .5825 with the pound tonight. A few weeks ago it was .68.

 

[Flashback]

Sorry cove, make that .57 now!

Bid: 0.5786 Ask: 0.5788

 

[cove]

We are heading for London on Wednesday next week so if we can get our pollies to stop spending ..........

 

[Mal]

I want out of my investments in Australia as I feel their value will drop substantially after the election. However I'm stuck with either cashing out now and transferring at a poor rate, cashing out and earning pathetic interest while I hope for a correction or holding onto them longer and hoping for the best...

 

[cove]

In Australia we can still get between 6% and 12% on investments compared with much lower numbers in the UK. The last 6 months it would have been better to be on the US or UK currency without even earning a penny just to avoid the devaluation.

 

[RB]

In Australia we can still get between 6% and 12% on investments compared with much lower numbers in the UK. The last 6 months it would have been better to be on the US or UK currency without even earning a penny just to avoid the devaluation.

Not sure that everyones risk profiles would fit in with what is required to get the 12% you have mentioned

 

[Edge]

I'm hopeful that after the election (when the Coalition win with a clear majority) that some confidence will return and the AUD will move back towards parity.

I'm surprised the pound & euro have strengthened so much vs our dollar, their economies are still shot.