Forum economists, whats the dollar going to do?

[cowboydave]

I think they will hold off to see if the stimulus package has any effect.

[Trexx]

Originally Posted by JME

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

Originally Posted by saturation

+1

.25% at best

Originally Posted by Hurtenstein

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

Winners

[EXPLICIT]

No movement in today's announcement. Very good sign'o'the times.

http://www.rba.gov.au/MediaReleases/2009/mr_09_08.html

[pete gopal]

Originally Posted by JME

No movement in today's announcement. Very good sign'o'the times.

http://www.rba.gov.au/MediaReleases/2009/mr_09_08.html

no suprises there...asx and the other markets seem be recovering slowly, bring back the Cash Up Bogans!!

[fmx_rider]

and the fact The Budget is due next week from Team Krudd.


Resources stocks have been going well the last 2 months...one with no debt that is...the rest have been sold to China.

[saturation]

calm before the second storm, still no real good news as to why the markets pulling back up, i still think theres some way to go yet.

[EXPLICIT]

http://www.rba.gov.au/MediaReleases/2009/mr_09_15.html.


buy buy buy, sell sell sell !!!

[WRXTASY]

I would say Oz dollar is going to stay in the US 78.0c - 83.0c band until the end of the year if the Reserve Cash Rate stays stable.

It also depends on Commodity prices as well of course. Which is tied up with economic growth in China. Commodity prices up, dollar goes up as overseas Oz dollar buyers see the Oz economy as low risk.

Once a strong world recovery is under way, expect the Oz dollar to reach parity and probably pass the US dollar.

[BAS]

Looks like all those predicting US dollar weakness due to them printing money like there is no tomorrow is finally starting to happen, hold off on your US purchases.

Stolen from a well read newsletter:

"A pretty good trading night as long as you aren’t a US Dollar. The chart below shows the US Dollar Index has collapsed below technical support and will continue to make new lows. The whole game last night across all asset classes was out of USD’s into anything denominated in USD’s."

(couldn't work out how to copy chart...)

[jezzamcbezza]

link?