Australian Dollars $ Worth buying?
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Australian Dollars $ worth buying?
Thinking of buying some before it appreciates.
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i rather buy us and in 5 years sell it
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US dollar in its peak right now?
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AUD in my opinion will not appreciate in these 2 years.
demand for cmmodities raw material is down.
the stabilisation and funding of aussie banks is in doubt.
AUD is reducing interest rate.
AUD is depreciated against sing dollar about 25%. if i am you, i rather keep in RMB or USD which as been appreciating slowly but surely.
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Originally posted by Junyang700:
Australian Dollars $ worth buying?
Thinking of buying some before it appreciates.
good for those going for saf exercise wallaby very soon... -
Kevin Rudd announced earlier this week a $10.4 billion "Economic Security Strategy" where generous amounts of handouts will be given to eligible families, pensioners and caregivers in an attempt to help stimulate the economy this Christmas period.
It was a massive exercise with extensive publicity in the media. He decided to dig into the surplus to help Australians right after returning from his trip to the US where discussions were held with his American counterpart and other economic experts on the global financial situation.
He was frank and to-the-point, announcing tough times ahead. Unemployment is expected to rise and we're seeing the start of it this week with the Ford auto plant here retrenching 450 of its staff.
Propaganda aside, the fact that the Aussie Dollar has slid so fast against the SGD in the space of a month is a tad worrisome. I don't know much about Economics because I kinda slept through all my Economics lectures in college
but this is one sign that will deter me from buying the AUD dollar. For the SGD to hold so well in comparison speaks volumes about the level of control and relative 'stability', I think... Again, this is just my layman sentiment.
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Originally posted by Rhonda:
Kevin Rudd announced earlier this week a $10.4 billion "Economic Security Strategy" where generous amounts of handouts will be given to eligible families, pensioners and caregivers in an attempt to help stimulate the economy this Christmas period.
It was a massive exercise with extensive publicity in the media. He decided to dig into the surplus to help Australians right after returning from his trip to the US where discussions were held with his American counterpart and other economic experts on the global financial situation.
He was frank and to-the-point, announcing tough times ahead. Unemployment is expected to rise and we're seeing the start of it this week with the Ford auto plant here retrenching 450 of its staff.
Propaganda aside, the fact that the Aussie Dollar has slid so fast against the SGD in the space of a month is a tad worrisome. I don't know much about Economics because I kinda slept through all my Economics lectures in college
but this is one sign that will deter me from buying the AUD dollar. For the SGD to hold so well in comparison speaks volumes about the level of control and relative 'stability', I think... Again, this is just my layman sentiment.
Depending on whether you are keynsian or monetarist, the impact of his economic policies are debatable.
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I see. Now its like this for this week.
One day AUD$1 = SIN$1.05
Next day AUD$1 = SIN $0.95LOL....
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haha like all currency dropping except for sing dollar
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What are the factors contributing to the USD's rise at this point of time? Doesn't make any sense from how i see it. Thanks
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Originally posted by tankee1981:
What are the factors contributing to the USD's rise at this point of time? Doesn't make any sense from how i see it. Thanks
people are all switching back to the US dollar for security, as it is still considered "safe" being the worldwide trade currency.rise in demand result in rise in value of usd.
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I think the sing dollar is stronger than the aussie dollar at this point?
Aussie interest rates are likely to continue falling, so chances are the aussie might be coming down even more.
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Originally posted by charlize:
I think the sing dollar is stronger than the aussie dollar at this point?
Aussie interest rates are likely to continue falling, so chances are the aussie might be coming down even more.
but don't u think the sgd is going to go down faster than the aud in the coming time to come? they are expecting negative growth. -
Originally posted by Junyang700:
Australian Dollars $ worth buying?
Thinking of buying some before it appreciates.
if you can ask this question out, you are not investing; you are gambling
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Originally posted by deathmaster:
but don't u think the sgd is going to go down faster than the aud in the coming time to come? they are expecting negative growth.Nobody knows which currency will be stronger in the future lah.
The fact is only confirmed when it happens.
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Originally posted by deathmaster:
people are all switching back to the US dollar for security, as it is still considered "safe" being the worldwide trade currency.rise in demand result in rise in value of usd.
Now that makes sense...Do you see it rise to say $1.60+ ?
Thanks
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I think some folks here need to understand the underlying causes of the AUD's slide against the USD and JPY.
The USD and JPY have strengthened rather sharply in recent times as most investors are looking for "safe havens" to park their cash given the present climate. That therefore explains why these two currencies are chosen for this purpose given the scale of these economies.
More importantly, the interest rate adjustments on the AUD has helped contribute to its depreciation (against the USD) as one sees a huge reversal in the trends of carry trades.
If anything, the unwinding of the carry trades is still in its infancy and I'd expect things to stay that way until Obama's inauguration at the earliest...
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I regretted not buying more USD when it hit $1.40 and below. In terms of amount earned if i sell them now, earn only peanuts.
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Originally posted by tankee1981:
I regretted not buying more USD when it hit $1.40 and below. In terms of amount earned if i sell them now, earn only peanuts.
As a general rule of thumb, keep a keen eye on the implied volatility ("vols") of the AUD relative to the other G7 currencies.It will give you an indication on where the trend is heading through monitoring developments of FX options...
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Isn't gold better>?
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To add on, if you need help understanding basics of options, consult this :
http://www.investopedia.com/articles/optioninvestor/02/120602.asp?viewed=1
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Originally posted by walesa:
As a general rule of thumb, keep a keen eye on the implied volatility ("vols") of the AUD relative to the other G7 currencies.It will give you an indication on where the trend is heading through monitoring developments of FX options...
dont u see now US$ is link to Oil price?
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Its a good time for people who have or going to send kids to school in OZ.
Its a good time for people who wants to invest property in OZ.
Its a good time for people who is going to move there.
But all in all i believe its a good time to buy cos eventually the demand will go up again. Its a cycle as always. But then you have to hold the position.
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Originally posted by Beautiful951:
Isn't gold better>?
The AUD (along with NZD) has a traditionally strong correlation with commodities prices (particularly gold in the case if AUD).
That said, the "shock" to the exchange rate mechanism mentioned by some in this thread stem very much from the reversal in carry trades by institutional investors in view of the latest market developments, taking into consideration the impact of the market turmoil.
Obviously, I won't be in a job for very much longer if I advocated gold over FX (not like security exists in this business to begin with)...
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Originally posted by seyKai:
dont u see now Oil prices is link to US$?
The CAD has a stronger correlation to oil prices. Just get your hands on any FX charts over a substantial period of time to see that.The post of mine you quoted in your response was addressed specifically to the AUD/USD exchange rate mechanism (of course, there're a million other factors/trends you could argue might exhibit a stronger correlation to USD movement, but that's not what I intended to address).