AUD 68C
Tags : property, business, travel, technology, nightlife, events, food, food
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Gabriel76
Reacher
Joined: May 22, 2007
Posts: 320
Status: Offline
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 Posted:
Oct 10, 2008 - 11:09 AM |
 
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| Post subject: AUD 68C |
Who else is loving the AUD sitting at 68 cents????
I think I might take all ya'll out for drinks!! |
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LoveBoxStorage
Barker
Joined: Sep 25, 2008
Posts: 160
Location: Shanghai
Status: Offline
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Oct 10, 2008 - 02:32 PM |
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Wouldn't expect it to last too long. The market will soon realize that US Treasuries aren't as safe as they used to be. Plus the selling pressure on the AUD from unwinding the carry trade will soon abate. So, I think we'll see the AUD come back at least somewhat against the USD over the next six months. |
_________________
Get Self Storage Without B.S. - Guaranteed! www.loveboxstorage.com |
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Gabriel76
Reacher
Joined: May 22, 2007
Posts: 320
Status: Offline
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Oct 10, 2008 - 03:34 PM |
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It will def creep up to 80cents soon..but its been nice while it lasted. |
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warz
Raver
Joined: Apr 27, 2007
Posts: 456
Status: Offline
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Oct 12, 2008 - 10:00 PM |
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there will be another rate cut in early Nov. and I would expect some more drop in just weeks.
I bought about 30k AUD this week and I will buy much more when the next drop comes. |
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