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Re: EXCHANGE RATE
Originally Posted by @boy
(Post 6220152)
and now at $114 a barrel and still rising as predicted.
Those guys buying options on $200 oil are watching all this with glee ! http://www.financialexpress.com/news...prices/258914/ It will be a tough job commuting from the fringes of suburbia if you are paying $3 a litre for petrol.... Should have snapped up those futures ! http://www.businessweek.com/bwdaily/...s+%2B+analysis http://www.reuters.com/article/marke...91448820080506 Ex Rate at 2.076 now - It will keep dropping.... |
Re: EXCHANGE RATE
Originally Posted by @boy
(Post 6320598)
At $123 now....up to $200 a barrel becoming more likely every day .....
Should have snapped up those futures ! http://www.businessweek.com/bwdaily/...s+%2B+analysis http://www.reuters.com/article/marke...91448820080506 Ex Rate at 2.076 now - It will keep dropping.... Dollar to reach parity with US, Westpac says http://www.news.com.au/business/stor...-14334,00.html "THE Australian dollar is forecast to reach parity with the US dollar by early next year, reaching $US1.01 by March 2009, according to Westpac." |
Re: EXCHANGE RATE
Originally Posted by EvannTel
(Post 6318920)
Not yet, but the odds are more on a drop than a rise. But its very close. Bit like this years Permiership.
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Re: EXCHANGE RATE
Originally Posted by bradfordlad
(Post 6321887)
I'll have $50 on the next move being upwards.
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Re: EXCHANGE RATE
Originally Posted by renth
(Post 6321920)
Me too, next move is deffo up. They should have put it up this week according to their criteria, they just didn't have the bottle.
I agree. I was very much expecting a rise this week, and was quite surprised when they kept them on hold. Looks like the soaring employment figures released today will probably see to that. I'll have $50 on the next move being up too. S |
Re: EXCHANGE RATE
Originally Posted by Swerv-o
(Post 6322095)
I agree. I was very much expecting a rise this week, and was quite surprised when they kept them on hold. Looks like the soaring employment figures released today will probably see to that.
I'll have $50 on the next move being up too. S |
Re: EXCHANGE RATE
I am being a bit thick here and am not truly up with the Australian economy but willing to learn.
My question is, would'nt further rises in interest rates make a hesitant property market more unstable. Thus potentially causing a uk 80's style property crash. Or does the need to curb inflation outway any of these concerns? Sorry if this is basic, like I said willing to learn.:unsure: |
Re: EXCHANGE RATE
Originally Posted by flodsfive
(Post 6322472)
I am being a bit thick here and am not truly up with the Australian economy but willing to learn.
My question is, would'nt further rises in interest rates make a hesitant property market more unstable. Thus potentially causing a uk 80's style property crash. Or does the need to curb inflation outway any of these concerns? Sorry if this is basic, like I said willing to learn.:unsure: |
Re: EXCHANGE RATE
Originally Posted by bcworld
(Post 6322486)
The Reserve Bank seems to think the bringing inflation back to the 2 - 3% range (from 4% +) overrides all other issues. Besides, housing could do with a good old correction anyway.
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Re: EXCHANGE RATE
Originally Posted by flodsfive
(Post 6322472)
I am being a bit thick here and am not truly up with the Australian economy but willing to learn.
My question is, would'nt further rises in interest rates make a hesitant property market more unstable. Thus potentially causing a uk 80's style property crash. Or does the need to curb inflation outway any of these concerns? Sorry if this is basic, like I said willing to learn.:unsure: |
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