Australian Dollar at 18 Year High
Jul 9th 2007, 7:34 pm
#1
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Australian Dollar at 18 Year High
Is it going to continue to rise? or not?
Jul 9th 2007, 8:02 pm
#2
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Re: Australian Dollar at 18 Year High
18 year high against the USD, 16 year against the JPY and (I think) 2 year high against the GBP. As there will (probably) be only one more interest rate rise in Japan this year the carry trade will continue to push the AUD higher. So, yes, I think it can continue.
Jul 9th 2007, 8:34 pm
#4
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Re: Australian Dollar at 18 Year High
That makes it high !
Jul 9th 2007, 9:43 pm
#6
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Re: Australian Dollar at 18 Year High
Likewise, I'm having nightmares. It's knocked enough of a dent in my finances to wave bye bye to the boat
Jul 9th 2007, 9:44 pm
#7
on the Goldie
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Re: Australian Dollar at 18 Year High
and us - but then again we always miss the boat
Jul 9th 2007, 9:52 pm
#8
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Re: Australian Dollar at 18 Year High
All our savings are still in the UK, and they will be staying there until the exchange rate switches back in to our favour. Am so cross with myself for not getting it sorted out in March though! 2.54! :curse:
Jul 10th 2007, 6:47 am
#10
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Re: Australian Dollar at 18 Year High
We also missed the 2.5 boat :curse:
But we secured at 2.37 at it's last spike a few weeks back when Tony did what should have been done 10 yrs ago.
Anyway, hindsight is a very powerful thing, foresight well, foggy at best.
When you have to commit you have to commit.
We also have sought financial advice and if the dollar goes up at next tax year end we will be ok
as we have a plan.
But we secured at 2.37 at it's last spike a few weeks back when Tony did what should have been done 10 yrs ago.
Anyway, hindsight is a very powerful thing, foresight well, foggy at best.
When you have to commit you have to commit.
We also have sought financial advice and if the dollar goes up at next tax year end we will be ok
as we have a plan.
Jul 10th 2007, 6:54 am
#11
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Re: Australian Dollar at 18 Year High
We also missed the 2.5 boat :curse:
But we secured at 2.37 at it's last spike a few weeks back when Tony did what should have been done 10 yrs ago.
Anyway, hindsight is a very powerful thing, foresight well, foggy at best.
When you have to commit you have to commit.
We also have sought financial advice and if the dollar goes up at next tax year end we will be ok as we have a plan.
But we secured at 2.37 at it's last spike a few weeks back when Tony did what should have been done 10 yrs ago.
Anyway, hindsight is a very powerful thing, foresight well, foggy at best.
When you have to commit you have to commit.
We also have sought financial advice and if the dollar goes up at next tax year end we will be ok
as we have a plan.
Jul 10th 2007, 8:32 am
#12
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Re: Australian Dollar at 18 Year High
We've been watching the dollar for a while now, and this rise has knocked quite a bit off what we were hoping to take over, makes a difference when buying a house ! We'll be leaving it as long as we possibly can before changing the money over, and keeping our fingers crossed that the dollar will weaken a bit in the meantime. 
Jul 10th 2007, 9:33 am
#13
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Re: Australian Dollar at 18 Year High
We've been watching the dollar for a while now, and this rise has knocked quite a bit off what we were hoping to take over, makes a difference when buying a house ! We'll be leaving it as long as we possibly can before changing the money over, and keeping our fingers crossed that the dollar will weaken a bit in the meantime.
Jul 10th 2007, 11:38 am
#14
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Re: Australian Dollar at 18 Year High
Interesting comments from currency strategist at ANZ here:
http://www.fnarena.com/index2.cfm?ty...498F66CCB20599
The market seems to be expecting further upward movement from the AUD, you might want to buy some now as a hedge.
http://www.fnarena.com/index2.cfm?ty...498F66CCB20599
The market seems to be expecting further upward movement from the AUD, you might want to buy some now as a hedge.
Jul 10th 2007, 11:49 am
#15
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Re: Australian Dollar at 18 Year High
long may the dollar rise .I hope it goes to 2 to 1 as its great for Hols in the uk .I remember in sept 96 it was around 1-80 to the pound .