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#1 2016-07-02 12:39:06

Topherclaus
Member
From: Central Coast, NSW
Registered: 2015-11-15
Posts: 471
Trades :   15 

AUD short term instability

Any opinions on the thought it might be worthwhile parking some $$ in another currency for this week or 2 following such a tight election result? A hung parliament could definitely cause a drop in the dollar, but where would you? And what platforms are best for currency trading?


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#2 2016-07-03 01:03:42

BuggedOut
Member
From: New South Wales
Registered: 2015-07-21
Posts: 1,683
Trades :   35 

Re: AUD short term instability

I think the AUD will take a hit from the election uncertainty but it's too late to really take advantage of it.

I'd be parking money in the British Pound (risky) or Swiss Franc (safe, but less upside) if I was worried about future AUD weakness.

Currency Fair is the best I've seen for foreign exchange at a decent rate.

http://www.currencyfair.com/

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#3 2016-07-04 04:23:17

BuggedOut
Member
From: New South Wales
Registered: 2015-07-21
Posts: 1,683
Trades :   35 

Re: AUD short term instability

I am very surprised that the AUD hasn't taken a hit today.

If Labor gets government it should be down.  Or with unstable and weak minority Liberal government I wouldn't imagine investors would be too happy either!!

Surely the market was expecting a Liberal victory and improvements to company tax rates....that are now next to ZERO chance of happening.  Is the market slow to price this in?

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#4 2016-07-04 04:41:47

Topherclaus
Member
From: Central Coast, NSW
Registered: 2015-11-15
Posts: 471
Trades :   15 

Re: AUD short term instability

Labor Day in the US today, right? Might be holding things up.


An addiction to drugs would be cheaper.
- silver and gold anon. member -

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#5 2016-07-04 04:44:16

SilverDJ
Member
From: Australia
Registered: 2014-11-01
Posts: 2,488

Re: AUD short term instability

I just converted a huge amount of AUD to USD for business. I figure the downside is more probable than further upside at this point.
I use https://www.currencyfair.com/
You can leave the money sitting in their account in any currency for as long as you want, and transfer instantly (if markets are open). Rates are the best I've found.

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#6 2016-08-12 10:44:48

Topherclaus
Member
From: Central Coast, NSW
Registered: 2015-11-15
Posts: 471
Trades :   15 

Re: AUD short term instability

What in the world is holding the AUD at this 76-77c level?


An addiction to drugs would be cheaper.
- silver and gold anon. member -

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#7 2016-08-12 11:32:51

Ipv6Ready
Silver Stacker
From: North Sydney
Registered: 2016-01-08
Posts: 1,905
Trades :   37 

Re: AUD short term instability

Relative high AAA interest rate.

Institutions, pension funds and soveriegn funds around the world looking for safe haven, bearing in mind there are parking trillions in zero to negative interest even the paltry interest Australian government bonds will look great.

Unlike most memebers, I'm of the view Australian Governement should borrow borrow and invest in infastrure when the interest rate is low, so when the world economy bottoms out and start to go back to normalcy, we can benefit from infrastructure investment cost negligible interest.


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#8 2016-08-26 10:46:23

JulieW
Silver Stacker
From: Australia
Registered: 2010-10-14
Posts: 10,914

Re: AUD short term instability

Hitting 77c.

Any reasons?

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#9 2016-08-27 01:47:05

goldenspike
Member
From: Victoria, Australia
Registered: 2016-08-10
Posts: 26
Trades :   

Re: AUD short term instability

Nasty little drop in AUD last night, down over 1c in a few hours.

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