AUD 68C

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Gabriel76

Reacher

Joined: May 22, 2007
Posts: 320

Status: Offline

Posted: Oct 10, 2008 - 11:09 AM
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!!

LoveBoxStorage

Barker

Joined: Sep 25, 2008
Posts: 160
Location: Shanghai
Status: Offline

Posted: Oct 10, 2008 - 02:32 PM

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.

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Gabriel76

Reacher

Joined: May 22, 2007
Posts: 320

Status: Offline

Posted: Oct 10, 2008 - 03:34 PM

It will def creep up to 80cents soon..but its been nice while it lasted.

warz

Raver

Joined: Apr 27, 2007
Posts: 456

Status: Offline

Posted: Oct 12, 2008 - 10:00 PM

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.