| View previous topic :: View next topic |
| Aussie $$ too high? |
| Yes. |
|
41% |
[ 5 ] |
| No |
|
33% |
[ 4 ] |
| I have no Idea. |
|
25% |
[ 3 ] |
|
| Total Votes : 12 |
|
| Author |
Message |
Skids 
Quitting drinking will be one of the best choices you make in your life.
Joined: 11 Sep 2007
Location: Joined 3/6/02 . Member #175
|
|
|
|
 |
stui magpie 
Prepare for the worst, hope for the best.
Joined: 03 May 2005
Location: In flagrante delicto
|
| Post subject: |  |
|
Lucky me, I bought US for my holiday a few weeks back. 
_________________
Every dead body on Mt Everest was once a highly motivated person, so maybe just calm the **** down. |
|
|
|
|
Brenny
Joined: 05 Apr 2011
Location: Westpac Centre
|
| Post subject: | |
|
Good thing I bought my month in the US in October a few months ago.
Still need to buy my F1 ticket,nut man I'll prob penny pinch a little if things get much worse.
_________________
Heeeeeeeeeeeeeey, we want some Bayley! |
|
|
|
|
Culprit
Joined: 06 Feb 2003
Location: Port Melbourne
|
| Post subject: Re: The Aussie $ overvalued by this much? | |
|
| Skids wrote: | I'd think they're a little off the mark with this prediction.
What ya reckon?
If you are planning an overseas holiday next year or looking to make an expensive purchase in another currency, you may want to sell your Australian dollar's soon. It looks set to drop more than 18% against the US dollar by the end of next year.
That's the bearish forecast offered by Alan Ruskin and George Saravelos, macro strategists at Deutsche Bank, who suggest a number of factors, none less than the prospect of further rate cuts from the Reserve Bank of Australia, will push the Aussie down to just 60 cents by they end of 2017.
The pair believe that recent strength in the Aussie has seen it overshoot fair value based on Deutsche's modelling, leaving it "vulnerable" to correction.
http://www.msn.com/en-au/news/australia/deutsche-bank-sees-the-australian-dollar-at-60-cents-by-the-end-of-next-year/ar-BBsZFJA?li=AAgfLCP&ocid=sl5mdhp |
Seriously, Deutsche Bank are the masters of deflection. The idiot on the street understands that the The US Dollar dictates what happens with most currencies. The US economy will have to boom for the AUD to drop to 60 cents. They should look in the mirror at all the crap that is going down their end. They just loss over 6 BILLION dollars last year after a major loss the years before. It's a pity Alan Ruskin and George Saravelos, macro strategists for Deutsche Bank can't get their own companies performance correct whilst dictating what is happening in other parts of the globe. Fricking laughable. Basic economics. US Interest Rates go up. Our dollar goes down. Our rates go down, our dollar goes down. The US sneezes, we catch a cold. The outside factor is China and if they decide to pull out of our market that will send us broke. |
|
|
|
|
Skids
Quitting drinking will be one of the best choices you make in your life.
Joined: 11 Sep 2007
Location: Joined 3/6/02 . Member #175
|
|
|
|
|
Mountains Magpie
Joined: 01 Mar 2005
Location: Somewhere between now and then
|
| Post subject: | |
|
Blimey 
If this bloke is right I wouldn't be buying greenbacks. I'd be buying gold bars!
You might end up getting your holiday for free 
MM
_________________
Spiral progress, unstoppable,
exhausted sources replaced by perversion |
|
|
|
|
stui magpie
Prepare for the worst, hope for the best.
Joined: 03 May 2005
Location: In flagrante delicto
|
| Post subject: | |
|
Get plenty of $1's for tips and buy smokes for the homeless beggers.
If you go to a strip club, take $1s and $100's 
_________________
Every dead body on Mt Everest was once a highly motivated person, so maybe just calm the **** down. |
|
|
|
|
Morrigu 
Joined: 11 Aug 2001
|
| Post subject: | |
|
It seems we may need USD for a couple of the African countries we are going to next year - buggar!!
I read somewhere that if Trump gets elected the USD is likely to fall at least in the short term - is that likely to be the case? And does that mean that if it does fall the exchange rate for us will be better?
I know 2/3 of stuff all about financial markets etc
_________________
“The greatness of a nation and its moral progress can be judged by the way its animals are treated.” |
|
|
|
|
stui magpie
Prepare for the worst, hope for the best.
Joined: 03 May 2005
Location: In flagrante delicto
|
| Post subject: | |
|
^
I've got 500 Mexican Pesos you can have, they may go up when Trump wins. 
_________________
Every dead body on Mt Everest was once a highly motivated person, so maybe just calm the **** down. |
|
|
|
|
Morrigu
Joined: 11 Aug 2001
|
| Post subject: | |
|
^ well they aren't white I suppose so Mugabe may be agreeable - pop them in the sock drawer so they are safe please - ta muchly
_________________
“The greatness of a nation and its moral progress can be judged by the way its animals are treated.” |
|
|
|
|
stui magpie
Prepare for the worst, hope for the best.
Joined: 03 May 2005
Location: In flagrante delicto
|
| Post subject: | |
|
Hah, will do. I've also got a few billion on Zimbabwe currency if you want to buy half an ice cube. 
_________________
Every dead body on Mt Everest was once a highly motivated person, so maybe just calm the **** down. |
|
|
|
|
Skids
Quitting drinking will be one of the best choices you make in your life.
Joined: 11 Sep 2007
Location: Joined 3/6/02 . Member #175
|
| Post subject: Re: The Aussie $ overvalued by this much? | |
|
| Skids wrote: | I'd think they're a little off the mark with this prediction.
What ya reckon?
If you are planning an overseas holiday next year or looking to make an expensive purchase in another currency, you may want to sell your Australian dollar's soon. It looks set to drop more than 18% against the US dollar by the end of next year.
That's the bearish forecast offered by Alan Ruskin and George Saravelos, macro strategists at Deutsche Bank, who suggest a number of factors, none less than the prospect of further rate cuts from the Reserve Bank of Australia, will push the Aussie down to just 60 cents by they end of 2017.
The pair believe that recent strength in the Aussie has seen it overshoot fair value based on Deutsche's modelling, leaving it "vulnerable" to correction.
http://www.msn.com/en-au/news/australia/deutsche-bank-sees-the-australian-dollar-at-60-cents-by-the-end-of-next-year/ar-BBsZFJA?li=AAgfLCP&ocid=sl5mdhp |
I wonder if this muppet put his money where his mouth was?
The Aussie hit a 2 year high today
Funny how an uneducated plumber can be closer to the mark than a supposed financial guru 
_________________
Don't count the days, make the days count. |
|
|
|
|
stui magpie
Prepare for the worst, hope for the best.
Joined: 03 May 2005
Location: In flagrante delicto
|
|
|
|
|
Skids
Quitting drinking will be one of the best choices you make in your life.
Joined: 11 Sep 2007
Location: Joined 3/6/02 . Member #175
|
| Post subject: | |
|
My first trip to the States, in 2010, it was almost one for one
_________________
Don't count the days, make the days count. |
|
|
|
|
think positive 
Side By Side
Joined: 30 Jun 2005
Location: somewhere
|
| Post subject: | |
|
| Skids wrote: | | My first trip to the States, in 2010, it was almost one for one |
yep 5 trips and that's the best it was,I think it was around 98c in 2010,
_________________
You cant fix stupid, turns out you cant quarantine it either! |
|
|
|
|
|
The Rules
FAQ
Usergroups
Calendar
Search
Log in
Register
