Forex Which direction do you think the Aussie dollar is heading this year and next?

See you in the 60's AUD.

The Australian dollar is spiralling lower

 

You might be right - eventually - but it might go up to 80 first. Who knows.
"In combination, it ensured the Aussie finished sharply lower, closing New York trade buying .7528 against the US dollar, representing a decline of 1.2%. It was the fourth largest percentage decline seen this year."
The fourth largest this year and we're only in March. Woah.

 

I'm just taking the ****, anything could happen. If I had to make an uneducated guess I would say that the AUD will trade in the 0.73-0.75 range and finish the year in the high 60's.

The media love pulling out "so far this year", doesn't matter what the statistic represents or how far into a year we actually are....sell the drama, readers go gaga for sensationalism.

 

is it really going to head up to the 80's or just hover mid 70s

 

For those of us strapped for time to really research the best way to take advantage, I would think the thing to do is stock up on foreign ETF's? (I think VGS?)