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Forum: Australia

Dec 17th 2008, 9:59 pm

Replies: 714

FX £ - $ AUD This week

Views: 72,812

Posted By savanna454

Re: FX £ - $ AUD This week

Speculators - it won't last!

Stg now US$1.55 and A$1.19

UK Economy weak but no need to panic as that A$ is going to get hammered early to mid 2009.

Lots of tax defaults and business failures...

Forum: Australia

Dec 16th 2008, 4:23 am

Replies: 714

FX £ - $ AUD This week

Views: 72,812

Posted By savanna454

Re: FX £ - $ AUD This week

Interesting link!

Quote:

'ANZ Banking Group, Commonwealth Bank, National Australia Bank, Suncorp and Bank of Queensland said yesterday they had no direct exposures to the scheme......
...

Forum: Australia

Dec 16th 2008, 12:44 am

Replies: 714

FX £ - $ AUD This week

Views: 72,812

Posted By savanna454

Re: FX £ - $ AUD This week

Yep!

Wonder if the Aussie big 4 banks have any exposure to this?

http://au.biz.yahoo.com/081215/33/236k7.html

Might strengthen Stg :thumbsup:?

Forum: Australia

Dec 12th 2008, 9:51 pm

Replies: 714

FX £ - $ AUD This week

Views: 72,812

Posted By savanna454

Re: FX £ - $ AUD This week

Doubt it!

This from the body of your link:

............Second, you should have bond, cash and stock holdings in foreign currencies, particularly the euro and the yen (but not British pounds...

Forum: Australia

Dec 6th 2008, 8:07 pm

Replies: 714

FX £ - $ AUD This week

Views: 72,812

Posted By savanna454

Re: FX £ - $ AUD This week

Wishful thinking - its $2.25 on XE Trade and likely to fall further!

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