Australian Dollar 2019

Not with the US now dialing back on their rate hikes!

 

Will be interesting to see!

@MTR whats your take on the US not increasing interest rates further?

Do you think on that news (and even if AU drops rates once, on either Tue April 2nd or Tue May 7th), the rate will climb into the mid 70s again? Or are we more likely stuck in the 0.70 - 0.72 range for a while?

Ps im closing on US #3 in a couple weeks. First in AL! Hoping to make #4 happen within AU FY19 too. If we can crack up to 0.75 range itd speed up my plans for number #4.

 

A bit of a breather, I think expected to raise interests twice in 2019??

Its already gone up 4 times

I am bullish with regards to US property, but booms dont last forever, dependent on the market.....but I have seen 8 years of growth and still going and I am still buying
However, will also sell a few if AUD hits 60

BTW well done on your buys in US

 

The ongoing rollercoaster ride.....

Australian Dollar Tumbles After Dovish RBA Despite Unchanged Rate Cut Bets

 

Trump has spoken/twittered.. Looks like trade deals off and more tariffs this week. Trade war is on! ! AUD is the currency to sell. 65c shouldnt be too long now.

 

Right. The expected interest rate drop will drive AUD down
Next 6 months should be interesting

 

$93.51 (US/t)

At the Close: 06 May 2019

I think Iron ore price has a lot to do with AUD holding up.

We will see what happens once Vale gets ontop of their issues and ramps production back up.

 

It's always like that isn't it when things start happening, one thing snowballing into another.

Not talk about next 6 months, just this week has been as much excitement as I can handle.

Tariffs to 25% on all Chinese imports happening soon too, it's gonna hit China hard. Trump might actually succeed in tipping China over. USA will hurt a bit too but that WAR Eh... Lol..

 

AUD falls below 70, hit 69.5

 

Ive got my XE alert setup for $1.458 (because it costs us 0.008% from mid market to use OFX for the exchange so will end up with $1.45) getting pretty close.

Have about $100k sitting here waiting though might do it in 2 splits if the RBA still hasn't dropped rates as expect a pretty good bump when this gets announced and I don't see the Fed moving down anytime soon (if anything expected one and done increase in late 2019....but with the whole China tariff thing going on.....who knows).

 

So when converting USD to AUD you are making around 44% on top of your money.
Happy days

 

Argh....another one like my wife - you aren't getting 44% more money !!!!


You might be getting the difference between the exchange rate today......and a future exchange rate- but its not 44% more money

 

lol.....This said.....what do I know MTR - I sent home $10k on Wednesday thinking....that's a ripper rate will probably bounce back after the election and I don't want to miss out if the RBA doesn't move in June.......lol if I had of waited until today/Friday I would have got $100+ more.

 

One of my biggest regrets in the past few years was not to invest overseas in USD producing assets... Lesson learnt.

 

this goes over my head, I just know that when I do my calculations its about right when I compare on my forex calculator.
At the moment I am bringing home around $13000 AUD per month which is around $9000 USD

 

This guy seems to agree... or is he a bit biased as an American?

"The bottom line is that the more instability and uncertainty in the era of Trump and beyond, the more likely the greenback remains the world’s pre-eminent reserve currency."


Why the almighty US dollar will remain the world's currency of choice

 

I am looking at Oz prospective, the economy is softening and why AUD is falling

On the flip side Its good time to be holding USD

Daughters going to New York in August so when converting take off 55% the way I work it out

 

Aud should be trading at 65 by now if not for sky-high iron ore prices. But China is shutting a couple of steel factories till August and Vale is restarting production in Brazil too so 65 might not be too far away once iron ore prices go back down.

 

Did you buy an apartment in NYC for your family to stay in during their holidays ?

 

LOL... I wish.. Upper East