Possible good news on the exchange rate front for waiting migrants
May 30th 2003, 1:34 pm
#1
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Possible good news on the exchange rate front for waiting migrants
The following was part of a report in today's Sydney Morning Herald which suggests the recent strength of the Aussie Dollar against the £ may not be sustainable:
FX Max currency trader Clifford Bennett said the dollar's recent surge has the hallmarks of a currency bubble, as there was no underlying trade flows to support it.
"The Australian dollar is more vulnerable than any other currency in the world to a major sell-off should a US dollar bounce be sustained," Mr Bennett said
So it may be worth waiting for the exchange rate to improve (sorry PB & Dotty)
Kev
FX Max currency trader Clifford Bennett said the dollar's recent surge has the hallmarks of a currency bubble, as there was no underlying trade flows to support it.
"The Australian dollar is more vulnerable than any other currency in the world to a major sell-off should a US dollar bounce be sustained," Mr Bennett said
So it may be worth waiting for the exchange rate to improve (sorry PB & Dotty)
Kev
May 30th 2003, 3:51 pm
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I have everything crossed. !! 
May 30th 2003, 5:49 pm
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Re: Possible good news on the exchange rate front for waiting migrants
Originally posted by kevmitch
The following was part of a report in today's Sydney Morning Herald which suggests the recent strength of the Aussie Dollar against the £ may not be sustainable:
FX Max currency trader Clifford Bennett said the dollar's recent surge has the hallmarks of a currency bubble, as there was no underlying trade flows to support it.
"The Australian dollar is more vulnerable than any other currency in the world to a major sell-off should a US dollar bounce be sustained," Mr Bennett said
So it may be worth waiting for the exchange rate to improve (sorry PB & Dotty)
Kev
The following was part of a report in today's Sydney Morning Herald which suggests the recent strength of the Aussie Dollar against the £ may not be sustainable:
FX Max currency trader Clifford Bennett said the dollar's recent surge has the hallmarks of a currency bubble, as there was no underlying trade flows to support it.
"The Australian dollar is more vulnerable than any other currency in the world to a major sell-off should a US dollar bounce be sustained," Mr Bennett said
So it may be worth waiting for the exchange rate to improve (sorry PB & Dotty)
Kev
May 30th 2003, 8:28 pm
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Bloody hope so, feel like we're waiting for a miracle!
May 31st 2003, 5:28 am
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Re: Possible good news on the exchange rate front for waiting migrants
This time last year is was at $2.5 (I know I went here on holiday and it cost me a fortune). The week we got back it went back to to $2.75.
I was told by the nerdy FX people at work, that Australia has an Interest rate cut on the horizon and as soon as that comes in to place the A$ will go back to the 2.7 mark.
They might be strange freaky people who wear gray suits and gray socks, but I will like them if it is true!
I was told by the nerdy FX people at work, that Australia has an Interest rate cut on the horizon and as soon as that comes in to place the A$ will go back to the 2.7 mark.
They might be strange freaky people who wear gray suits and gray socks, but I will like them if it is true!
Originally posted by kevmitch
The following was part of a report in today's Sydney Morning Herald which suggests the recent strength of the Aussie Dollar against the £ may not be sustainable:
FX Max currency trader Clifford Bennett said the dollar's recent surge has the hallmarks of a currency bubble, as there was no underlying trade flows to support it.
"The Australian dollar is more vulnerable than any other currency in the world to a major sell-off should a US dollar bounce be sustained," Mr Bennett said
So it may be worth waiting for the exchange rate to improve (sorry PB & Dotty)
Kev
The following was part of a report in today's Sydney Morning Herald which suggests the recent strength of the Aussie Dollar against the £ may not be sustainable:
FX Max currency trader Clifford Bennett said the dollar's recent surge has the hallmarks of a currency bubble, as there was no underlying trade flows to support it.
"The Australian dollar is more vulnerable than any other currency in the world to a major sell-off should a US dollar bounce be sustained," Mr Bennett said
So it may be worth waiting for the exchange rate to improve (sorry PB & Dotty)
Kev
