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Aussie $$ too high? |
Yes. |
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41% |
[ 5 ] |
No |
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33% |
[ 4 ] |
I have no Idea. |
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25% |
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Total Votes : 12 |
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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
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stui magpie
Prepare for the worst, hope for the best.
Joined: 03 May 2005 Location: In flagrante delicto
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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. |
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Brenny
Joined: 05 Apr 2011 Location: Westpac Centre
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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! |
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Culprit
Joined: 06 Feb 2003 Location: Port Melbourne
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Post subject: Re: The Aussie $ overvalued by this much? | |
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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. |
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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
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Mountains Magpie
Joined: 01 Mar 2005 Location: Somewhere between now and then
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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 |
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stui magpie
Prepare for the worst, hope for the best.
Joined: 03 May 2005 Location: In flagrante delicto
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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. |
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Morrigu
Joined: 11 Aug 2001
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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.” |
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stui magpie
Prepare for the worst, hope for the best.
Joined: 03 May 2005 Location: In flagrante delicto
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^
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. |
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Morrigu
Joined: 11 Aug 2001
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^ 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.” |
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stui magpie
Prepare for the worst, hope for the best.
Joined: 03 May 2005 Location: In flagrante delicto
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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. |
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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
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Post subject: Re: The Aussie $ overvalued by this much? | |
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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. |
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stui magpie
Prepare for the worst, hope for the best.
Joined: 03 May 2005 Location: In flagrante delicto
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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
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My first trip to the States, in 2010, it was almost one for one _________________ Don't count the days, make the days count. |
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think positive
Side By Side
Joined: 30 Jun 2005 Location: somewhere
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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! |
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