Where will the AUD on friday?
 

The Aussie dollar suffered big losses against all major currencies this week as the global economy turned a darkish shade of gloom...

Where will it be against the greenback at the end of this week?

Place yer bets.

Re: Where will the AUD on friday?
 

Recovery to dizzyland.

Re: Where will the AUD on friday?
 

Oz dollar and US dollar will both fall, limiting the overall change in exchange rate. However, against the Swiss Franc .....

Re: Where will the AUD on friday?
 

US$1.035

Re: Where will the AUD on friday?
 

Can you please be less woolly?

Re: Where will the AUD on friday?
 

AU$1 = US$1.10 again by Friday (and GBP 67p)

Re: Where will the AUD on friday?
 

US$1.0352 :thumbup:

Re: Where will the AUD on friday?
 

:thumbsup: now we're talking.

US$ 1.0874

Re: Where will the AUD on friday?
 

Would you buy Swiss franc or yen?

Re: Where will the AUD on friday?
 

My guess, a short term bizarre "flight to quality" to the US Dollar!!

There's no way I'm trading that hunch though.

Anyway TE, come on, what's your vote?

Re: Where will the AUD on friday?
 

I've got way too much sterling so am probably going to transfer to Swiss as I am getting anxious as UK will get even more screwed by EU. Think short term AUD is a sell but I'm not spreadbetting. I reckon whack a wedge into Swiss and then to Aussie in a few months.

All told I reckon around 1.02

Re: Where will the AUD on friday?
 

Check the 3 month LIBOR rate and you'll notice that the Swiss central bank won't tolerate much of a spread.

Re: Where will the AUD on friday?
 

:cool: elaborate?

Re: Where will the AUD on friday?
 

There is barely any spread left. Positions were reversed when the target was pulled back to 0.25 from 0.75 earlier this week.

Re: Where will the AUD on friday?
 

So it would be a good idea to convert the £5k in our UK account to Aussie dollars and whack it in our account here to help pay some bills?
OH is thinking of doing it today.