We might see parity between USD and AUD today

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Jul 16th 2008, 1:37 am

#16

jad n rich

Lost in BE Cyberspace

Joined: Apr 2004

Posts: 10,375

jad n rich has a reputation beyond repute

Re: We might see parity between USD and AUD today

Quote:

Originally Posted by ex_exile

The debt / asset would be bought by another institution, you would be fine. The question is what would happen to any deposits you have in a failed bank.

After sky news this morning

maybe we should discuss what would be australias safest bank, discussing this at work not one person would trust any of them

Jul 16th 2008, 1:39 am

#17

harrip

Harrip

Joined: Nov 2004

Posts: 495

Re: We might see parity between USD and AUD today

Quote:

Originally Posted by Centurion

Indeed sadly true, however its very good for those of us who live in Australia.

No, not everyone. Some still get a portion of their income from the UK.

Jul 16th 2008, 2:04 am

#18

stariston

Forum Regular

Joined: Feb 2007

Posts: 178

Re: We might see parity between USD and AUD today

A high Australian dollar is good for Australia ??
Exports will cost more to importers of Australian goods
One massive boss of Australia at the moment who is propping
up the economy CHINA

Thay may give us the flick and go to south America

Jul 16th 2008, 2:17 am

#19

Amazulu

Proudly Deplorable

Joined: May 2003

Location: Alloha snack bar

Posts: 24,246

Re: We might see parity between USD and AUD today

Quote:

Originally Posted by stariston

Thay may give us the flick and go to south America

They are already getting stuff from South America, and Africa, and Asia. They need us as much as we need them.

Jul 16th 2008, 3:46 am

#20

ex_exile

You call that a moustache

Thread Starter

Joined: Sep 2006

Location: Heading West..

Posts: 2,060

Re: We might see parity between USD and AUD today

Quote:

Originally Posted by Hutch

Deposits? What are they?

A mythical state where your balance ends with a DR not a CR. haven't seen it myself for many a year

Jul 16th 2008, 5:06 am

#21

Swerv-o

has lost The Game

Joined: Apr 2005

Location: Chippendale, Sydney

Posts: 8,735

Re: We might see parity between USD and AUD today

Quote:

Originally Posted by torcraw

Dude, the AUD rising further (and the equity markets falling) is not good for those of us here on this board who will be migrating to Australia in coming months and will need to cash out and then convert our money. The CAD and GBP has been following the USD down relative to the AUD. We're hoping things start going back into the other direction.

It would be really good news for me though, as it would mean I could finally order that stormtrooper costume I have been promising myself for years.

But on a more serious note, I have started shopping in the US via the net now - it really is MUCH cheaper. I may even plan a holiday and get some electrical goodies into the bargain.

S