Which way is this bloody dollar going?
May 18th 2006, 9:59 am
#1
Forum Regular
Thread Starter
Joined: Sep 2003
Location: Bayside Brisbane
Posts: 279
Which way is this bloody dollar going?
As a certain Bruce Forsyth would say......HIGHER?......or LOWER?
I've been waiting since December 2004 for it to go above 2.5 and its so near but so far? When I first came to Australia it was 2.65, but I wasn't in a position to move my money!
Anyone want to hedge their bets?
I've been waiting since December 2004 for it to go above 2.5 and its so near but so far? When I first came to Australia it was 2.65, but I wasn't in a position to move my money!
Anyone want to hedge their bets?
May 18th 2006, 10:02 am
#2
Oiiii.. You slaggg!
Joined: Feb 2004
Location: Brisbaneshire
Posts: 5,209
Re: Which way is this bloody dollar going?
Originally Posted by Sharpy67
As a certain Bruce Forsyth would say......HIGHER?......or LOWER?
I've been waiting since December 2004 for it to go above 2.5 and its so near but so far? When I first came to Australia it was 2.65, but I wasn't in a position to move my money!
Anyone want to hedge their bets?
I've been waiting since December 2004 for it to go above 2.5 and its so near but so far? When I first came to Australia it was 2.65, but I wasn't in a position to move my money!
Anyone want to hedge their bets?
The Australian Dollar
"The GBP continued its run higher nearing 2.5000 against the Aussie underpinned by recent encouraging signals form the Bank of England. Recent comments from a member of the BoEs Monetary Policy committee stating that they were confident the economy has recovered aided the Sterling, as did the improving series of data releases over the last week. The market has been bullish on the GBP and this has seen the GBP/AUD push up to 2.4786 from the open last week at 2.4013. The easing back in gold prices has hurt the Aussie and should continue to play a focal role in determining short term direction for the pair."
