topic Re: Aussie $$ set to fall in Community Spirit

Aussie $$ set to fall

the_hawk* — Thu, 09 May 2013 05:32:43 GMT

Following on from other events like the fall in interest rates, high unemployment and Australians high debt.

Rumors within the investment community believe the AU$ is about to fall.

I personally believe its about to trip over and fall on its sword.

So many will say that's just being negative, I say it will happen and it will be sooner than most think 1 to 6 months and the $$ will be falling.

The net effect of this will be that prices will rocket up as so much in now imported.

Re: Aussie $$ set to fall

just_me_karen — Thu, 09 May 2013 05:36:05 GMT

I predict it will rise, then fall, then rise, then fall, then rise, on and on... because that's what markets do. I must be a dollar guru cos I'm right 😄

Re: Aussie $$ set to fall

the_great_she_elephant — Thu, 09 May 2013 05:41:14 GMT

If it falls it will be a Godsend for our export market, and our tourism industry.

Re: Aussie $$ set to fall

the_hawk* — Thu, 09 May 2013 05:41:17 GMT

Believe what you want, the wheels are in motion and no one can stop it

Re: Aussie $$ set to fall

the_hawk* — Thu, 09 May 2013 05:43:21 GMT

If it falls it will be a Godsend for our export market, and our tourism industry.

yes it will, but not so great for the average Aussie as prices go though the roof

Re: Aussie $$ set to fall

just_me_karen — Thu, 09 May 2013 05:44:56 GMT

The sky is falling too.

Re: Aussie $$ set to fall

the_hawk* — Thu, 09 May 2013 05:46:49 GMT

The sky is falling too.

It may very well do that for some people

Re: Aussie $$ set to fall

catsnknots — Thu, 09 May 2013 06:12:29 GMT

I think you are right hawk...

I am ok.. I have everything I need... so long as my car does not break down or one of my cats needs to see the vet... ;\

Re: Aussie $$ set to fall

*mrgrizz* — Thu, 09 May 2013 06:13:42 GMT

i work for a exporter so any fall in the aussie dollar is good for me.

stop buying imported things and it won't affect you

Re: Aussie $$ set to fall

jonnjenn — Thu, 09 May 2013 06:20:25 GMT

As the dollar goes down

so the price of petrol goes up.

Re: Aussie $$ set to fall

lakeland27 — Thu, 09 May 2013 06:22:16 GMT

we need it to fall , but what has prompted this call ? i can't find any relevant articles. do you have a link to an article Hawk ?

Re: Aussie $$ set to fall

jonnjenn — Thu, 09 May 2013 06:27:47 GMT

http://au.pfinance.yahoo.com/education/forex/article/-/17079323/the-aussie-dollar-will-come-down-hard

Maybe the above. Dunno.

Re: Aussie $$ set to fall

lakeland27 — Thu, 09 May 2013 06:31:51 GMT

thanks JJ

Re: Aussie $$ set to fall

the_hawk* — Thu, 09 May 2013 06:33:02 GMT

we need it to fall , but what has prompted this call ? i can't find any relevant articles. do you have a link to an article Hawk ?

Only the events listed in my OP and a rumor currency trader "George Soros" is shorting the UA$

I doubt he will be the only one

Re: Aussie $$ set to fall

lakeland27 — Thu, 09 May 2013 06:36:57 GMT

i've heard a bit about Soros. i wonder what MM will say..

Re: Aussie $$ set to fall

cherry*135 — Thu, 09 May 2013 06:57:55 GMT

Rumors within the investment community believe the AU$ is about to fall.

When is it predicted to fall?

How much is it predicted to fall by?

...... the US Fed is printing money to the tune of $US85 billion a month and this is negative for its currency,” he says.

.....Mr Gore [Go Markets currency strategist] doesn’t see any extreme moves to the downside for the Aussie dollar.

“Maybe by late 2013, it will come under pressure and dip below parity. If the US dollar strengthens, this will have an effect on QE expectations – that is the Fed may start unwinding its stimulatory efforts and this will be positive for the US dollar.”

He says the Aussie is generally in the hands of the US economy.

“As the US economy improves, it is a sign that the Fed won’t be in the market forever.

“At the moment the status quo is being maintained. If you look at the price range, we have adhered to the same range since July 2012, despite testing the upper and lower ranges.

“I don’t see a catalyst for an extreme fall,” he says.

http://www.afr.com/p/aussie_dollar_fortunes_linked_to_rVURLhotJpcVEIbMVbU4gN

Re: Aussie $$ set to fall

cherry*135 — Thu, 09 May 2013 06:59:15 GMT

Link above dated 1 May 2013.

Re: Aussie $$ set to fall

the_hawk* — Fri, 10 May 2013 06:30:41 GMT

By next Friday I say it will be under a $1.00 😮

Re: Aussie $$ set to fall

the_great_she_elephant — Fri, 10 May 2013 06:35:07 GMT

Much as I appreciate the savings I currently get when I buy from overseas, for the sake of the economy i really hope you are right, Hawk. The high dollar is a poisoned chalice.

Re: Aussie $$ set to fall

the_hawk* — Fri, 10 May 2013 06:51:05 GMT

You wait to here the people scream when all the prices of every thing jumps