$Aussie to be "Proxy" strengthening Asian Currencies
Jan 13th 2004, 1:52 am
#1
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$Aussie to be "Proxy" strengthening Asian Currencies
Europeans starting to whinge about the Yanks devaluing the $Yank by holding interest rates extraordinarily low:
Top central bankers caution against 'brutal' shifts in currency markets
Getting close to having squeezed the Euro dry, next the Yanks will take a more concerted swipe at Asian currencies - particularly pegged currencies.
Commonwealth Bank forcasts that $Aussie will be used as a proxy of Asian currencies by currency speculators .
$Aussie above $US 0.81 soon?
Top central bankers caution against 'brutal' shifts in currency markets
Getting close to having squeezed the Euro dry, next the Yanks will take a more concerted swipe at Asian currencies - particularly pegged currencies.
Commonwealth Bank forcasts that $Aussie will be used as a proxy of Asian currencies by currency speculators .
$Aussie above $US 0.81 soon?
Last edited by Megalania; Jan 13th 2004 at 2:34 am.
Jan 13th 2004, 2:01 am
#2
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Re: $Aussie to be "Proxy" strengthening Asian Currencies
Originally posted by Megalania
Europeans starting to whinge about the Yanks devaluing the $Yank by holding interest rates extraordinarily low:
Top central bankers caution against 'brutal' shifts in currency markets
Getting close to having squeezed the Euro dry, next the Yanks will take a more concerted swipe at Asian currencies - particularly pegged currencies.
Commonwealth Bank forcasts that $Aussie will be used as a proxy for Asian currency speculators.
$Aussie above $US 0.81 soon?
Europeans starting to whinge about the Yanks devaluing the $Yank by holding interest rates extraordinarily low:
Top central bankers caution against 'brutal' shifts in currency markets
Getting close to having squeezed the Euro dry, next the Yanks will take a more concerted swipe at Asian currencies - particularly pegged currencies.
Commonwealth Bank forcasts that $Aussie will be used as a proxy for Asian currency speculators.
$Aussie above $US 0.81 soon?
Please explain...
Jan 13th 2004, 2:03 am
#3
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What do you want explained Pauline?
Jan 13th 2004, 2:11 am
#4
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Originally posted by Megalania
What do you want explained Pauline?
What do you want explained Pauline?
Jan 13th 2004, 2:23 am
#5
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Originally posted by Florida_03
Why some Banker has their hand in me pocket. Fiddling with me dollars...
Why some Banker has their hand in me pocket. Fiddling with me dollars...
Jan 13th 2004, 6:42 am
#6
Joined: Aug 2003
Posts: 11,149
Re: $Aussie to be "Proxy" strengthening Asian Currencies
Originally posted by Megalania
Europeans starting to whinge about the Yanks devaluing the $Yank by holding interest rates extraordinarily low:
Top central bankers caution against 'brutal' shifts in currency markets
Getting close to having squeezed the Euro dry, next the Yanks will take a more concerted swipe at Asian currencies - particularly pegged currencies.
Commonwealth Bank forcasts that $Aussie will be used as a proxy of Asian currencies by currency speculators .
$Aussie above $US 0.81 soon?
Europeans starting to whinge about the Yanks devaluing the $Yank by holding interest rates extraordinarily low:
Top central bankers caution against 'brutal' shifts in currency markets
Getting close to having squeezed the Euro dry, next the Yanks will take a more concerted swipe at Asian currencies - particularly pegged currencies.
Commonwealth Bank forcasts that $Aussie will be used as a proxy of Asian currencies by currency speculators .
$Aussie above $US 0.81 soon?
Jan 13th 2004, 7:51 am
#7
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George Soros: From Wikipedia, the free encyclopedia.
2003 Nov 12: Financier Soros puts millions into ousting Bush
2003 Nov 29: Potted Soros Biography
2003 Dec 21: Soros shrinking from Dean
His position?
Who's Afraid of George Soros?
His exit point?
Getting rid of Bush?
2003 Nov 12: Financier Soros puts millions into ousting Bush
2003 Nov 29: Potted Soros Biography
2003 Dec 21: Soros shrinking from Dean
His position?
Who's Afraid of George Soros?
His exit point?
Getting rid of Bush?
Last edited by Megalania; Jan 13th 2004 at 7:55 am.
Jan 13th 2004, 7:30 pm
#8
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Location: Waikiki Perth originally Bournemouth in Dorset
Posts: 79
Re: $Aussie to be "Proxy" strengthening Asian Currencies
Sorry if I'm being thick but does this mean we can expect the $au to get even stronger against the £gb.
Cheers
Gazza
Cheers
Gazza
Jan 13th 2004, 7:35 pm
#9
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Posts: 11,149
Re: $Aussie to be "Proxy" strengthening Asian Currencies
Originally posted by gazza321
Sorry if I'm being thick but does this mean we can expect the $au to get even stronger against the £gb.
Cheers
Gazza
Sorry if I'm being thick but does this mean we can expect the $au to get even stronger against the £gb.
Cheers
Gazza
Jan 13th 2004, 7:37 pm
#10
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Location: Waikiki Perth originally Bournemouth in Dorset
Posts: 79
Re: $Aussie to be "Proxy" strengthening Asian Currencies
Thats good if your prepared to jump off as it hits the bottom
Jan 13th 2004, 7:46 pm
#11
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Location: Exit UK 23rd Mar 2004, arriving in NZ 29th Mar (stop off LA Disney)
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Re: $Aussie to be "Proxy" strengthening Asian Currencies
Originally posted by Megalania
Europeans starting to whinge about the Yanks devaluing the $Yank by holding interest rates extraordinarily low:
Top central bankers caution against 'brutal' shifts in currency markets
Getting close to having squeezed the Euro dry, next the Yanks will take a more concerted swipe at Asian currencies - particularly pegged currencies.
Commonwealth Bank forcasts that $Aussie will be used as a proxy of Asian currencies by currency speculators .
$Aussie above $US 0.81 soon?
Europeans starting to whinge about the Yanks devaluing the $Yank by holding interest rates extraordinarily low:
Top central bankers caution against 'brutal' shifts in currency markets
Getting close to having squeezed the Euro dry, next the Yanks will take a more concerted swipe at Asian currencies - particularly pegged currencies.
Commonwealth Bank forcasts that $Aussie will be used as a proxy of Asian currencies by currency speculators .
$Aussie above $US 0.81 soon?
Seems payback has been planned for a while and look at the domestic advantages in the run up to re-election. Make your own citizens feel good that their economy is booming while others are stagnating. A weaker dollar to continue, get a booming home economy & have the added enjoyment of hurting others
Read something recently that the World currency reserves held around the World are 70% US dollars, and should be around 30-40%. Will other Countries with these vast reserves sell them to bail out now and cause the dollar to freefall? Now thats another question for another day!
Jan 13th 2004, 9:09 pm
#12
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Re: $Aussie to be "Proxy" strengthening Asian Currencies
Originally posted by GetMeOutOfHere
Read something recently that the World currency reserves held around the World are 70% US dollars, and should be around 30-40%.
Read something recently that the World currency reserves held around the World are 70% US dollars, and should be around 30-40%.
More GBP downside; more AUD/NZD upside.
Jan 13th 2004, 9:19 pm
#13
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Posts: 11,149
Re: $Aussie to be "Proxy" strengthening Asian Currencies
Originally posted by pleasancefamily
The concomitant and perhaps more salient question is: what currency will these USD be sold for? Not GBP, anyway. I expect: mostly Euro plus some upweighting in various emerging mkt currencies and commodity currencies.
More GBP downside; more AUD/NZD upside.
The concomitant and perhaps more salient question is: what currency will these USD be sold for? Not GBP, anyway. I expect: mostly Euro plus some upweighting in various emerging mkt currencies and commodity currencies.
More GBP downside; more AUD/NZD upside.
The dollar will move to where the stock market and bond gains are to be made.
Jan 14th 2004, 12:55 am
#14
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...
During 2003, Asian central banks’ foreign exchange reserves rose $US 465 billion, or 33% to $US 1.9 trillion, with Japan and China together lifting reserves $US 320.7 billion, or nearly 69% of the total rise. While the December composition of Asian reserves is not available yet, probably at least 65% was in US dollars, mostly in US bonds. The pressure on Asian central banks to consider greater diversification of their reserves is building, partly
because there appears little likelihood of the decline in the US dollar ending soon, ...
During 2003, Asian central banks’ foreign exchange reserves rose $US 465 billion, or 33% to $US 1.9 trillion, with Japan and China together lifting reserves $US 320.7 billion, or nearly 69% of the total rise. While the December composition of Asian reserves is not available yet, probably at least 65% was in US dollars, mostly in US bonds. The pressure on Asian central banks to consider greater diversification of their reserves is building, partly
because there appears little likelihood of the decline in the US dollar ending soon, ...
