What's your prediction on the Australian Dollar?

With or without fees? From memory they charge commission? I'll check tomorrow.

Zero commission charged in Melbourne. Just checking the interbank rate is around .7997, so the spread is about right if they are offering .7926 (it's about the same spread I got when buying USD last year through them).
 
We used UAE for Russian cash for our sons soccer trip. Mrscove was impressed with them. We would use them again
 
Sponsored Post

Struggling to use your Frequent Flyer Points?

Frequent Flyer Concierge takes the hard work out of finding award availability and redeeming your frequent flyer or credit card points for flights.

Using their expert knowledge and specialised tools, the Frequent Flyer Concierge team at Frequent Flyer Concierge will help you book a great trip that maximises the value for your points.

Last edited:
Australian dollar tipped to slide back to 70 US cents - Sydney Morning Herald

The Aussie is poised to go into reverse as the Federal Reserve keeps raising interest rates, while the Reserve Bank of Australia leaves borrowing costs at a record low, said James Athey at Aberdeen Standard Investments in London, who is adding to his short positions. Schroder Investment Management Australia, which is also short, said the Aussie is likely to trade closer to 70 US cents than 80 cents in 12 months.

It's only a matter of time before the Aussie drops below 70 cents, according to Tony Bradley, a partner at hedge fund Hunter Burton Capital in Sydney.

"As the Fed hikes and US rates overtake Australia's, it will put pressure on the Aussie dollar, but the RBA doesn't care," Bradley said . "I am short and hope to be able to stay short for most of the year."
 
The Aussie wasn't meant to be this way - Brisbane Times

Stories were commonplace last year about the Aussie being under pressure as the yield differential narrowed. “Everybody” knew the Aussie would tumble as America was first out of the blocks in lifting rates.

Now, “everybody” isn’t so sure. The annual exercise of economists throwing darts at currency forecasts has resulted in a much wider spread than usual. The alleged experts’ guesses range from 67 US cents (Morgan Stanley) to 84 US cents (HSBC) by December.

The forecasting herd still tends to favour something in the lower 70s, but the reality is that nobody knows. Foreign exchange forecasting remains a mug’s game.
 
America has a debt level that is growing into trillions that will be a burden on the next 2 or 3 generations who choose to live there. They need a weak US dollar to improve their trade imbalance. The $AUD may test a bit higher this month.
 
Well he does work in the financial markets but I think their predictions are often only slightly more educated guesses than you or I! :)
We are talking about different OPs I suggest. But, hey, it probably doesn't matter!:cool: Morgans in BNE have consistently got this, floats and share price recomendations wrong for years.:)
 
The SGD is still stronger than the AUD in Thailand exchanges. The sell-buy spread in the AUD is wider too.
 
It takes a long time for the AUD to climb but the fall is usually short and sweet.

I operate on the basis that the AUD tends to fluctuate between USD0.60 and USD0.85. Where it presently sits in that range gives me a guide as to whether it is likely to trend higher or lower over coming months (although I note that with the US running ever increasing deficits maybe the USD is on a gradual decline against many other currencies)
 
There are large short seller positions on the US dollar at the moment. The AUD could go anywhere.
 

Enhance your AFF viewing experience!!

From just $6 we'll remove all advertisements so that you can enjoy a cleaner and uninterupted viewing experience.

And you'll be supporting us so that we can continue to provide this valuable resource :)


Sample AFF with no advertisements? More..
Back
Top