Forum economists, whats the dollar going to do? - Page 7 - Perth-WRX.com

Adr3naL1N · #61 27-03-2009, 10:47 AM

hope it goes up as much as it can, im off to the US in july!

fmx_rider · #62 27-03-2009, 10:50 AM

Also I think it would be safe to be buying back into RIO and BHP. Both are in slow up trends and have been since mid December, however there is still a lot of volatility there so expect ups and downs. Also probably expect big short-term drop when next round of IO pricing discussions are held, as IO price expected to drop. That should present a good buying opportunity.

Also interesting to see a bit of interest again in base metals companies lately (one I've been following is up 45% in the last month) as these metal prices have started to flatten out and even up trend slightly. Number of closures lately will decrease global inventory.

Obviously gold companies remain strong, but if gold retreats from current prices these companies could drop very quickly in SP - but are still making buckets of money atm.

Disclaimer: This is not financial advice, I am not an expert.

scoobygez · #63 28-03-2009, 12:16 PM

i wanna buy some uk pounds so hopefully it will get stronger than the 47.89 when i last looked.....

EXPLICIT · #64 06-04-2009, 03:52 PM

Ok so the RBA is going to meet again tomorrow. Any predictions?

I think there's a swing towards maintaining the cash rate @ 3.25 still, I don't envisage a drop further, and if they did, 25 base points at best. Banks are still finding it hard to finance big business so you never know

Kato · #65 06-04-2009, 04:23 PM

They'll probably do something crazy and drop it a whole point.

tuna · #66 06-04-2009, 05:12 PM

guessing 0.5%

American Dave · #67 06-04-2009, 05:23 PM

no change I believe, the worst is not even close as far as the economy and unemployment goes so I reckon they will hold off for now.

saturation · #68 06-04-2009, 05:25 PM

Quote:

Originally Posted by American Dave

no change I believe, the worst is not even close as far as the economy and unemployment goes so I reckon they will hold off for now.

+1

.25% at best

urabus · #69 06-04-2009, 05:31 PM

IMHO they are using all the tricks in the cupboard far too early. I also think that whatever they do would only be a futile effort at best. We are but a small drop in the ocean. i.e. you can try and prop our economy up but if the US and China are in the shit there is very little we can do.

When some of us are going to need a hand there is not going to be anything left in the cupboard to give.

As for the exchange rate my money is on same same. i.e. no change.

Brendon

Hurtenstein · #70 06-04-2009, 06:48 PM

.25 with the people getting .05 of that drop.