Aussie dollar hits parity with Greenback

[tiger101]

Be kicking your self if you was heading over to the states in the next couple of weeks and didn't buy any USD a month ago.
But thats hindsight for you.

[Loui Tufga]

I'm kicking myself Had to put a $5000US deposit on accommodation for a OS trip next year, when the dollar slid back just below parity I decided to wait to till it went back up 3 weeks later the accommodation now costing me close to $1000 more

[tiger101]

Touched 1.08 after RBA left rates on hold.

[Francois Jackson]

Touched 1.08 after RBA left rates on hold.

they(RBA) obviously see something we dont.

Construction, Retail, Tourism all down yet they fence sit.

[mightytiges]

Touched 1.08 after RBA left rates on hold.

they(RBA) obviously see something we dont.

Construction, Retail, Tourism all down yet they fence sit.

Looks like the rise in job ads in January changed the RBA's mind  .

Well no one can accuse the RBA of not being independent.

[mightytiges]

We should see two rate cuts in the coming months after yesterday's inflation figures. There'll definitely be one next Tuesday. That might knock a few cents of the dollar as well.

[Penelope]

The question is not so much if the reserve bank will cut rates, but if the banks will follow suit?

going slightly off topic (forgive me WAT  , but i couldnt be bothered hunting down the thread,) there was a discussion on here a while ago about buying property in the the US and it's dangers. There was a story on the 7.30 report last night about a heap of people who were burnt badly doing just that

[Francois Jackson]

The question is not so much if the reserve bank will cut rates, but if the banks will follow suit?

going slightly off topic (forgive me WAT  , but i couldnt be bothered hunting down the thread,) there was a discussion on here a while ago about buying property in the the US and it's dangers. There was a story on the 7.30 report last night about a heap of people who were burnt badly doing just that

Didnt see it but just googled. Fair enough which is why its important your using the right company that does their due dilligence.

I know theres a guy in Byron who runs a very successful company doing just this. IMO would be so hard to manage while your over there but 10/20k between a few people is very small risk but means nothing if title belongs to another person.

I was in NYC last month and made some enquires on apartments over there.  Cheaper to buy apartments in NYC than Melbourne

[one-eyed]

Aussie dollar lingering under parity now thanks to what is happening in Greece. 98.4 US cents

[tiger101]

Aussie dollar lingering under parity now thanks to what is happening in Greece. 98.4 US cents

Along with Greece and the ripple effects of European financial issues. China's growth has also slowed to a 13 year low that adds to selling of the Aussie $.
 

[Loui Tufga]

Who are you?

[mightytiges]

Not great news for struggling retailers and manufacturing but our dollar is going to stay above parity for a while longer thanks to this ...

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UP TO 23 central banks from around the globe have included Australian dollar assets in their foreign exchange reserves, underlining the wide appeal the currency holds among overseas investors.



Central banks, which have historically invested heavily in euros and US dollars, are looking to diversify in response to the dour outlook in these economies.

Chief currency strategist at Westpac, Robert Rennie, said Australia's AAA credit rating and strong economic outlook was an attractive combination for investors, when compared with many other nations.

Read more: http://www.theage.com.au/business/worlds-central-banks-shout-aussie-aussie-aussie-20120917-262iv.html#ixzz26kME5yoj

[one-eyed]

Aussie dollar down to 92 US cents after the US Feds said they are turning off the stimulus measures over there.

[Francois Jackson]

The days are over for the extra cheap US holiday

80 bound is my guess by December

[1965]

The days are over for the extra cheap US holiday

80 bound is my guess by December

It will be home grown holidays for a while.

Never been to Darwin.

And it has been 20 years since I've been to Tasmania.