Forum economists, whats the dollar going to do?
So i know there's a few people on here that know about about the world economy. I've been watching the exchange between the AUD and USD slowly drop over the last couple of weeks. But i here on the news about some financial turmoil going on lately.
So the question is, is the exchange rate going to get worse or better over the next few weeks... |
It'll get worse before it gets better. There is an adgenda going on in the US for them to come to the rescue this late and it still hasn't happened yet!!
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Flip a coin mate, predicting short term exchange rate movements is just like gambling.
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In turmoil investors often dump our dollar so make of that what you will.
If a US bailout is approved then the Turmoil may calm down for a while, which is what they are hoping. I have a price for Two Dump Pipes from Perin delivered and am watching the $ before I place an order. Not that it'll make too much difference to the overall price |
falling dollar is good for exports..
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Falling dollar in the street is good for bums as long as it doesn't roll down a drain.
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Ive got some of my investments tied up in property. Do you guys reckon sell or keep them and ride out the possible recession?
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I'm keeping mine.
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[QUOTE=Mister Two]Ive got some of my investments tied up in property. Do you guys reckon sell or keep them and ride out the possible recession?[/QUOTE]
Ride it out, the Australian economy isn't as dependant on the American economy as it used to be. Housing prices will come good again over the next 12-18 months. The bill was passed by congress but then there was a dispute over the fine points of the bill between the partie. It should pass in the next few days which will stabilize things. |
The property market is set for a big fall due to everyone being too highly leveraged.
The US dollar is f*ckd thanks to the central bank printing money like its going out of fashion. OR... Property will come off a bit further, then stabilise due to population growth, Chinese demand supporting our economy, etc. US dollar will strengthen as the bailout package will get the yanks moving again- strong US economy= stronger dollar. Basically- ask 10 people, get 10 different answers. Remember its time in the market not market timing- particularly with an illiquid asset like property. And yeah- as for trying to pick short term exchange rate movements- good luck. Thats one game i'll never play! |
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