Strong AUD

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schomers87

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oz_mark said:
I would have thought that the expectation of the interest rate rise would have already been reflected in the AUD.

Be interetsing to see what happens if they don't raise interest rates.

correct in one sense but actual rba decision to increase the cash rate, usually bumps it up slightly as well.
 

drron

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oz_mark said:
Just wait till I book my next overseas trip. That will fix the dollar good and proper.
I have decided to buy more dollars on my next credit card cycle.That begins on the eighth,the day after the RBA meeting.So by that reckoning they wont put up rates and down she will come.
 

littl_flier

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drron said:
I have decided to buy more dollars on my next credit card cycle.That begins on the eighth,the day after the RBA meeting.So by that reckoning they wont put up rates and down she will come.
Wow drron, I know who to come to when I move a home loan from fixed rate to variable! :mrgreen: You could make so much money that you might even star on Today Tonight. ;)
 

Mal

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Only about 9 days till I'm in the US, so happy for the currency to be like it is.

Paid for my Amex TC's and cash yesterday, so not fully able to take advantage of the jump today, but will see the benefit while over there. Did a reprice of my FX, and would have saved ~$45 by buying it today instead. Oh well. You win some, you lose some, but overall you enjoy the holiday :)
 
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serfty

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I'll be on my way home Cup day so all my USD expenditure should be complete for my upcoming trip before any influence via RBA interest rate massaging takes hold. :cool:

(FWIW, I actually don't have a Nov 6th (cup Day) this year - that is unless QF10late is up to it's tricks again.)
 

NM

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After the US Reserve yesterday announced a cut in official interest rates, the A$ has climbed once again against the US$. Currently at US$0.9319
 

drron

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So I have weakened and got some more $US today.should mean rates will stay high or higher if past track record can be relied upon.Probably have signed little Johnnies death warrant as that means interest rates go up next week.
 

serfty

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drron said:
So I have weakened and got some more $US today ...
Good Move!
Back to 91.5¢ ...

... see what happens when I go to the US ...:-|
 
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