Aussie dollar. (2 Viewers)

[wayne556517]

Read this today...........^&confuse
Im know financial expert but for my Toy soldier future i hope there right........^&grin

ANZ chief Mike Smith said yesterday that the currency was likely to resume its climb above $US1.10, and one of the world’s leading foreign exchange experts predicted the dollar would continue to rise and could hit $US1.30 in 2013 and $US1.70 by 2014.

This spells bad news for non-resource sectors such as manufacturing and tourism…

“I can’t see that there is anything to knock it off its perch because it’s not only the strong Australian dollar, it’s also the weak US dollar,” Mr Smith said yesterday.

“And when you think about what is happening in the US, I can’t see them increasing rates for at least 18 months and that will have an impact.”

Next, a global currency expert:

Global currency expert Savvas Savouri, of the British-based Toscafund hedge fund, went a step further, predicting the greenback would be relegated to a “museum” …

Dr Savouri, in Sydney for a conference, predicts the dollar will reach $US1.30 by 2013 – and $US1.70 by 2014, as the greenback relinquishes its “exorbitant privilege” as the world’s default currency.

 

[Jack]

Isn't it just great living in this country?

The 1.70 is a bit of a dream but anything over a dollar is welcome news!!

Read this today...........^&confuse
Im know financial expert but for my Toy soldier future i hope there right........^&grin

ANZ chief Mike Smith said yesterday that the currency was likely to resume its climb above $US1.10, and one of the world’s leading foreign exchange experts predicted the dollar would continue to rise and could hit $US1.30 in 2013 and $US1.70 by 2014.

This spells bad news for non-resource sectors such as manufacturing and tourism…

“I can’t see that there is anything to knock it off its perch because it’s not only the strong Australian dollar, it’s also the weak US dollar,” Mr Smith said yesterday.

“And when you think about what is happening in the US, I can’t see them increasing rates for at least 18 months and that will have an impact.”

Next, a global currency expert:

Global currency expert Savvas Savouri, of the British-based Toscafund hedge fund, went a step further, predicting the greenback would be relegated to a “museum” …

Dr Savouri, in Sydney for a conference, predicts the dollar will reach $US1.30 by 2013 – and $US1.70 by 2014, as the greenback relinquishes its “exorbitant privilege” as the world’s default currency.

 

[TomNT]

Isn't it just great living in this country?

The 1.70 is a bit of a dream but anything over a dollar is welcome news!!

Tell me about it and if they are right and the Oz dollar goes back over and beyond the USD then there might be a mad dash to the "Ye Olde Toy Soldier Shoppe'!!!

Tom

 

[Jack]

Tell me about it and if they are right and the Oz dollar goes back over and beyond the USD then there might be a mad dash to the "Ye Olde Toy Soldier Shoppe'!!!

Tom

If it reaches 1.10 I will start a thread 'Can this hobby survive the fall in prices'!

 

[larso]

"Dr Savouri, in Sydney for a conference, predicts the dollar will reach $US1.30 by 2013"

This sounds like it was written last year? The AUD is down 20 cents on its high. I don't see it going back to that, let alone gain an extra 20.

 

[TomNT]

If it reaches 1.10 I will start a thread 'Can this hobby survive the fall in prices'!

Now now, that will be controversial and will lead to some heated arguments!!!

Tom

 

[Jack]

Now now, that will be controversial and will lead to some heated arguments!!!

Tom

It would be like a thirty percent pay rise for me. I can live with the controversy!

 

[snowyowl]

The Canadian dollar was way up compared to the US dollar last year. That was great for us as we spend half the year in the US but it really hurt manufacturing and tourism. The Canadian dollar is back down now but I have little doubt that it will creep back up to above the US dollar.

 

[wayne556517]

"Dr Savouri, in Sydney for a conference, predicts the dollar will reach $US1.30 by 2013"

This sounds like it was written last year? The AUD is down 20 cents on its high. I don't see it going back to that, let alone gain an extra 20.

Yeah your right this was a two year ago prediction,told you im not financial expert..............^&grin

http://www.theaustralian.com.au/bus...-still-a-dazzler/story-e6frg9lo-1226670126553

Oh well there goes the hobby for me,anybody after some Germans (many Grey ones................^&grin)

 

[Phantom Warrior]

Yeah your right this was a two year ago prediction,told you im not financial expert..............^&grin

http://www.theaustralian.com.au/bus...-still-a-dazzler/story-e6frg9lo-1226670126553

Oh well there goes the hobby for me,anybody after some Germans (many Grey ones................^&grin)

Didn't the "reach by 2013" give you a clue:rolleyes2: Why it's even 2013 in New Zealand by now. ^&grin

Terry

 

[wayne556517]

Didn't the "reach by 2013" give you a clue:rolleyes2: Why it's even 2013 in New Zealand by now. ^&grin

Terry

No its still 2013 here,have i missed new year as well.

 

[jazzeum]

If the Australian dollar is strong relative to the US dollar, it may make overseas purchases very attractive.

 

[Ragnar]

Gee I hope not...I would rather se it go back to .80 gives manufacturing a breather.
Don't mind paying extra for toysoldiers if it means people keep there jobs!

 

[Desertkiwi]

Didn't the "reach by 2013" give you a clue:rolleyes2: Why it's even 2013 in New Zealand by now. ^&grin

Terry

.....steady on Terry, we don't want to rush things, some of us are still getting over the 80's...:tongue:^&grin

 

[jazzeum]

Gee I hope not...I would rather se it go back to .80 gives manufacturing a breather.
Don't mind paying extra for toysoldiers if it means people keep there jobs!

You might be able to buy them cheaper in the US than over there.

 

[BLReed]

Keep up the good work. We had a $21.6 trade surplus with Australia in 2012.
http://www.census.gov/foreign-trade/balance/c6021.html

 

[Ragnar]

You might be able to buy them cheaper in the US than over there.

Yes that's right if the AU goes to $1.70..then say a US$30 figure would only cost me $17.60,
But the "Aussie" Dollar that high would be catastrophic for our economy so I would rather not se it get that high!

 

[TomNT]

.....steady on Terry, we don't want to rush things, some of us are still getting over the 80's...:tongue:^&grin

Gee mate, hope you still aren't getting around with a mullet hair do! {sm4}

Tom

 

[Desertkiwi]

Gee mate, hope you still aren't getting around with a mullet hair do! {sm4}

Tom

.....yeah nah mate, that fell out years ago along with rest of me hair........I was more the tight stubbies and the fish-net singlet...{eek3}:tongue:^&grin

 

[TomNT]

.....yeah nah mate, that fell out years ago along with rest of me hair........I was more the tight stubbies and the fish-net singlet...{eek3}:tongue:^&grin

Mental note, don't go out on the town for a beer with Toddy!!! {sm2}{sm4}

Tom