Author Topic: US Dollar  (Read 1903 times)

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Offline chr1S

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US Dollar
« on: Jun 2, 2010, 08:49AM »
Any of you guys here know if it will recover and go back into the 90s?
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Offline noss

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Re: US Dollar
« Reply #1 on: Jun 2, 2010, 09:02AM »
you mean the australian dollar lol.

my magic eight ball says 'my sources say no' but then i asked it a second time and it said 'yes'

i'm not sure my magic eight ball is the object to ask.

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Offline pedro666

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Re: US Dollar
« Reply #2 on: Jun 2, 2010, 10:47AM »
if not low 90, high 80's...
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Offline chr1S

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Re: US Dollar
« Reply #3 on: Jun 2, 2010, 08:28PM »
High 80s better than nothing :(
Don't let the opinions of the average man sway you. Dream, and he thinks you're crazy. Succeed, and he thinks you're lucky. Acquire wealth, and he thinks you're greedy. Pay no attention. He simply doesn't understand.

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Offline Colby

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Re: US Dollar
« Reply #4 on: Jun 3, 2010, 10:25AM »
depends if you vote Rudd or not.  Crazy mining tax says no.

Offline cruizer

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Re: US Dollar
« Reply #5 on: Jun 5, 2010, 08:26PM »
Any of you guys here know if it will recover and go back into the 90s?

Depends on what happens with Europe. We saw the AUD drop as people clambered to move to a 'safe currency' (USD). The AUD has done so well because our economy has done relatively well compared to the rest of the world. Overseas investors were buying aus dollars because our interest rates are comparatively high (especially compared the japan and the US) known as the carry trade.

The way our dollar goes will depend on what happens to Europe and how well our economy continues to perform. As Col said if the douchebag Tin-tin look-a-like gets the mining tax through it will have an effect on the dollar. Trying to work out where currency rates are going is notoriously difficult (if it was easy we'd all be rich). I personally can see it going up when things clear up but I doubt it'll get the highs we've seen before the crisis anytime soon. The way exchange rates go you might be best taking noss' approach haha.

Offline chr1S

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Re: US Dollar
« Reply #6 on: Jun 6, 2010, 12:51AM »
lmfao tin tin
Don't let the opinions of the average man sway you. Dream, and he thinks you're crazy. Succeed, and he thinks you're lucky. Acquire wealth, and he thinks you're greedy. Pay no attention. He simply doesn't understand.

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to be fair, it wouldn't be ANTRX if we stayed on topic.

and if someone wasn't cranky at Chr1s for something he said...