What's your prediction on the Australian Dollar?

[Pushka]

Nice little AUD jump against the Euro and CHF today

Thanks. Just made a transfer to Wise.

 

[daft009]

so awesome to see the AUD over 0.6 against the EUR....been tooooo long

 

[clifford]

It's going up. The new world order.

 

[daft009]

slooooowly retreating...... ;(

 

[cove]

With the stock market volatility there has been some margin calls being paid by sale of gold.

 

[offshore171]

AUD now at 12 month highs against the EUR, CHF and USD.

And generational highs against currencies like the Yen and Won.

 

[daft009]

Going to stock up on some Euro today

 

[Scarlett]

Why are we currently strong against JPY and KRW?

 

[oz_mark]

Why are we currently strong against JPY and KRW?

The real question is why are those currencies so weak. Both economies have issues (although different to each other)

 

[Pushka]

The real question is why are those currencies so weak. Both economies have issues (although different to each other)

We were 1.04 against the yen last year because of their economy issues AUD was . Then Yen improved to .94. But see now it's excellent for Aussies travelling to Japan which we were doing last year.

 

[Quickstatus]

But see now it's excellent for Aussies travelling to Japan which we were doing last year.

Current account deficit, and capital account and financial account surplus
We are borrowing lots and lots, and foreign investment expecting higher interest rates.
At least the terms of trade is good

 

[dairyfloss]

The real question is why are those currencies so weak. Both economies have issues (although different to each other)

Because our interest rates are going up, with some degree of certainty, while others are stalling or falling back. There’s also all the stuff in the ground that is increasing in value, too

 

[Quickstatus]

There’s also all the stuff in the ground that is increasing in value, too

Correct, commodity prices going up improving terms of trade even with the appreciation of the AUD

 

[SYD]

Cracked NZ$1.20 this morning and approaching $1.21.

 

[offshore171]

real question is why are those currencies so weak. Both economies have issues (although different to each othe

No natural resources is a factor

 

[Quickstatus]

Why are we currently strong against JPY

BOJ also maintaining ultra low interest rates even with recent rises. Add in declining population, national debt to gdp ratio worse than USA. Persistent stagflation





Korea facing a severe demographic problem ageing and shrinking population with birth rates less than 1.0, declining domestic demand and declining exports

 

[transpactraveller]

AUD now at 12 month highs against the EUR, CHF and USD.

GBP as well.

I was over in Europe and the UK around this time last year and it was crazy expensive.

 

[Quickstatus]

GBP as well.

AUD/SGD above 0.9.

 

[Ktan89]

Will it continue tomorrow..