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.

Recovery to dizzyland.

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

US$1.035

Can you please be less woolly?

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

US$1.0352

now we're talking.

US$ 1.0874

Would you buy Swiss franc or yen?

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?

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

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

elaborate?

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

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.