whatmeworry
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Under 90c for now.
Floodgates tested as global factors push Australian dollar below US90c
Floodgates tested as global factors push Australian dollar below US90c
What's your prediction on the Australian Dollar?
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Big call PLANT. 65c...at least the farmers and miners will like it down there. The manufacturers would like it too except we don't seem to have a lot of those left
Foreigner
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ethernet
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Well the CAD dropped too, except now the AUD is under the CAD so looks a little oversold.
People forget RIO and BHP are ramping up FE02 volumes and Chinas cost or iron ore production is $80 ton mark.
Does China want to put its own Iron ore miners out of work? The second thing is LNG and NG exports via QLD ports are about to come online. If the US punishes certain 'friendly' Arab states for giving money to IS the dollar will retrace to new highs. While the USD is not locked to fundamentals, a high USD is not in their interests. As long as no cyclones or floods should take 4 months to retrace upwards to 93 cents.
People forget RIO and BHP are ramping up FE02 volumes and Chinas cost or iron ore production is $80 ton mark.
Does China want to put its own Iron ore miners out of work? The second thing is LNG and NG exports via QLD ports are about to come online. If the US punishes certain 'friendly' Arab states for giving money to IS the dollar will retrace to new highs. While the USD is not locked to fundamentals, a high USD is not in their interests. As long as no cyclones or floods should take 4 months to retrace upwards to 93 cents.
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One day it will certainly come back down. Question is when and how much.
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thanks. That should be handy for us
TheRealTMA
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Nah. Leaving for US on Wednesday so expect a large drop soon!
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TheRealTMA
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No chance until November!People!!
Please stop leaving, I want the AUD to go up by end of this month so I can buy the US & LM points
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Flashback
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Finally my GBP may be worth something in Australia :mrgreen:
Yes I had always planned to make some pounds and US dollars in the next part of my life but London/UK is for fun and Los Angeles/US is a mixture. I think we made about $8 US in our last tax return so it really hasn't happened.
I have a warm feeling about the old exchange rates Flashback especially the English ones that used to have two sixes in them. Now that was a real opportunity.
I have a warm feeling about the old exchange rates Flashback especially the English ones that used to have two sixes in them. Now that was a real opportunity.
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