The Aussie $ overvalued by this much?

[Skids]

The Aussie dollar is crumbling after RBA governor Glenn Stevens opened the door for more rate cuts.


http://www.msn.com/en-au/news/australia ... id=sl5mdhp

[stui magpie]

Lucky me, I bought US for my holiday a few weeks back.

[Brenny]

Good thing I bought my month in the US in October a few months ago.

Still need to buy my F1 ticket,nut man I'll prob penny pinch a little if things get much worse.

[Culprit]

I'd think they're a little off the mark with this prediction.

What ya reckon?

If you are planning an overseas holiday next year or looking to make an expensive purchase in another currency, you may want to sell your Australian dollar's soon. It looks set to drop more than 18% against the US dollar by the end of next year.


That's the bearish forecast offered by Alan Ruskin and George Saravelos, macro strategists at Deutsche Bank, who suggest a number of factors, none less than the prospect of further rate cuts from the Reserve Bank of Australia, will push the Aussie down to just 60 cents by they end of 2017.

The pair believe that recent strength in the Aussie has seen it overshoot fair value based on Deutsche's modelling, leaving it "vulnerable" to correction.

http://www.msn.com/en-au/news/australia ... id=sl5mdhp

Seriously, Deutsche Bank are the masters of deflection. The idiot on the street understands that the The US Dollar dictates what happens with most currencies. The US economy will have to boom for the AUD to drop to 60 cents. They should look in the mirror at all the crap that is going down their end. They just loss over 6 BILLION dollars last year after a major loss the years before. It's a pity Alan Ruskin and George Saravelos, macro strategists for Deutsche Bank can't get their own companies performance correct whilst dictating what is happening in other parts of the globe. Fricking laughable. Basic economics. US Interest Rates go up. Our dollar goes down. Our rates go down, our dollar goes down. The US sneezes, we catch a cold. The outside factor is China and if they decide to pull out of our market that will send us broke.

[Skids]

[Mountains Magpie]

[stui magpie]

[Morrigu]

It seems we may need USD for a couple of the African countries we are going to next year - buggar!!

I read somewhere that if Trump gets elected the USD is likely to fall at least in the short term - is that likely to be the case? And does that mean that if it does fall the exchange rate for us will be better?

I know 2/3 of stuff all about financial markets etc

[stui magpie]

^

I've got 500 Mexican Pesos you can have, they may go up when Trump wins.

[Morrigu]

^ well they aren't white I suppose so Mugabe may be agreeable - pop them in the sock drawer so they are safe please - ta muchly

[stui magpie]

Hah, will do. I've also got a few billion on Zimbabwe currency if you want to buy half an ice cube.

[Skids]

I'd think they're a little off the mark with this prediction.

What ya reckon?

If you are planning an overseas holiday next year or looking to make an expensive purchase in another currency, you may want to sell your Australian dollar's soon. It looks set to drop more than 18% against the US dollar by the end of next year.


That's the bearish forecast offered by Alan Ruskin and George Saravelos, macro strategists at Deutsche Bank, who suggest a number of factors, none less than the prospect of further rate cuts from the Reserve Bank of Australia, will push the Aussie down to just 60 cents by they end of 2017.

The pair believe that recent strength in the Aussie has seen it overshoot fair value based on Deutsche's modelling, leaving it "vulnerable" to correction.

http://www.msn.com/en-au/news/australia ... id=sl5mdhp

I wonder if this muppet put his money where his mouth was?
The Aussie hit a 2 year high today

Funny how an uneducated plumber can be closer to the mark than a supposed financial guru

[stui magpie]

Don't bypass that economics degree just yet mate.

http://www.abc.net.au/news/2017-07-18/a ... go/8717862

Up to 78c against the US and going gangbusters in Asia.

If it gets up to mid 80's again i'll buy a few $K for my next US trip.

[Skids]

My first trip to the States, in 2010, it was almost one for one

[think positive]

My first trip to the States, in 2010, it was almost one for one

yep 5 trips and that's the best it was,I think it was around 98c in 2010,