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1.93's A$ to the Pound!!!

1.93's A$ to the Pound!!!

Old May 21st 2010, 10:50 pm
  #1651  
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by freebo
Rumour has it that the RBA stepped in to support the AUD yesterday I'll add the ref if I find it again.
would like to read the article if you can find it thank you
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Old May 21st 2010, 10:55 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by charlie brown
would like to read the article if you can find it thank you
I think it was mentioned on Sky News yesterday afternoon. Wasn't much more than a throwaway line along the lines of "the market believes the RBA may have stepped in" and that was about it. Heard nothing more after that.


http://zincip.biz/2010/05/20/austral...ba-to-support/

All just guessing

Last edited by iamthecreaturefromuranus; May 21st 2010 at 10:57 pm.
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Old May 22nd 2010, 3:55 am
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Default Re: 1.93's A$ to the Pound!!!

The last two days changes to the A$ according to the RBA

-6.25% European euro
-4.78% Japanese yen
-3.95% UK pound sterling
-3.09% Swedish krona
-2.99% Vietnamese dong
-2.99% Swiss franc
-2.99% United States dollar
-2.99% Saudi Arabia riyal
-2.99% United Arab Emirates dirham
-2.98% Chinese renminbi
-2.91% Hong Kong dollar
-2.81% Thai baht
-2.72% Papua New Guinea kina
-2.41% New Taiwan dollar
-2.10% Singapore dollar
-1.25% Indonesian rupiah
-1.21% New Zealand dollar
-0.74% Indian rupee
-0.71% Canadian dollar
-0.65% South Korean won
-0.63% Malaysian ringgit
0.10% South African rand
 
Old May 22nd 2010, 12:08 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by iamthecreaturefromuranus
I think it was mentioned on Sky News yesterday afternoon. Wasn't much more than a throwaway line along the lines of "the market believes the RBA may have stepped in" and that was about it. Heard nothing more after that.


http://zincip.biz/2010/05/20/austral...ba-to-support/

All just guessing
No it's because the US stockmarkets had a half decent day Friday, AUD strength is closely correlated to the S&P which is good gauge of risk aversion.

The experts seem to think A$ will drop as low as 77c against US$ so 6 cents which means £ should pick up another 12cents on Aussie dollar as ratio seems to be bang on 2:1 at the mo.

Seems to be more and more talk of double dip recession and even read 'Global Great Depression' may be the next era!

Double edged sword as I've said before we'd love more $'s to the pound but also want opportunities in Oz and a housing market that won't crash if we buy!
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Old May 22nd 2010, 10:22 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by MrCro

Double edged sword as I've said before we'd love more $'s to the pound but also want opportunities in Oz and a housing market that won't crash if we buy!
More sword points

Once your money is moved into OZ dollars your also holding your worldly assests in a very very volatile currency, which at times is worth very little against much else. Great if you like roulette not so great if you want to holiday, move overseas again or even have any buying power.

Another thing that will probably zip you off, as the ozzie dollar drops we keep hearing ( already!) how much more expensive everything in OZ will become, amazing as when the aussie dollar is strong nothing becomes cheaper but remains very expensive.

Plus instead of a UK style pension, you face the asset tested OZ pension, and superannuation which is usually invested in the stock market, pension volatility too. However if your self employed you will have to provide your own super/pension anyway
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Old May 23rd 2010, 1:37 am
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Default Re: 1.93's A$ to the Pound!!!

http://news.smh.com.au/breaking-news...0521-vt3v.html

http://www.couriermail.com.au/busine...-1225869770969

Couple of articles suggesting the RBA did prop up the dollar.
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Old May 23rd 2010, 3:20 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by jad n rich
More sword points

Once your money is moved into OZ dollars your also holding your worldly assests in a very very volatile currency, which at times is worth very little against much else. Great if you like roulette not so great if you want to holiday, move overseas again or even have any buying power.

Another thing that will probably zip you off, as the ozzie dollar drops we keep hearing ( already!) how much more expensive everything in OZ will become, amazing as when the aussie dollar is strong nothing becomes cheaper but remains very expensive.

Plus instead of a UK style pension, you face the asset tested OZ pension, and superannuation which is usually invested in the stock market, pension volatility too. However if your self employed you will have to provide your own super/pension anyway
Until (if) the UK sorts it's shit out, I wouldn't be so bullish about the GBP - it went down against the Euro and USD this week.

Cars, electronics etc have come down in price due to stronger AUD.

Most UK pensions - unless you have a final salary one (a dying breed) - are invested in the stock market. If you are self employed who, apart from yourself, should provide your pension?
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Old May 23rd 2010, 9:47 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by 77hil
That could be good news for Poms waiting to exchange, they can't prop for ever.
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Old May 23rd 2010, 9:52 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by Amazulu
Until (if) the UK sorts it's shit out, I wouldn't be so bullish about the GBP - it went down against the Euro and USD this week.

Cars, electronics etc have come down in price due to stronger AUD.

Most UK pensions - unless you have a final salary one (a dying breed) - are invested in the stock market. If you are self employed who, apart from yourself, should provide your pension?
Don't open the wounds <g>. Some of us have had our pensions remitted to Australia from the UK go down by 34% over the last year or so. Swings and roundabouts I suppose - pity you can't choose which!
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Old May 24th 2010, 5:08 am
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Default Re: 1.93's A$ to the Pound!!!

Am I the only person that is praying for Dollar/Pound parity?
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Old May 24th 2010, 5:10 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by Lord_Farquar
Am I the only person that is praying for Dollar/Pound parity?
Yes. Please stop!
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Old May 24th 2010, 5:24 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by Lord_Farquar
Am I the only person that is praying for Dollar/Pound parity?
I'm with you Lord Farquar, so that makes at least 2 of us!
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Old May 24th 2010, 10:16 pm
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Default Re: 1.93's A$ to the Pound!!!

hmmmmmmm parity ............................
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Old May 25th 2010, 2:58 am
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Default Re: 1.93's A$ to the Pound!!!

Interesting now that one of the only currencies that the £ is rising against is the AU$. Must be bad.
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Old May 25th 2010, 3:27 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by Stu Ward
hmmmmmmm parity ............................
Our garden gets parity, they like the berries you know!
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