Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Glad to see all the sledging and flamming has passed re post on the US dollar a few weeks ago. Ok so the US dollar is strong and the risk is a fall, but what makes everyone so confident that it wall against the Aussie?...won't the Aussie fall with it?!

Why should it ?? If the Oz economy was totally dependant on the US then the dollar may fall with the US one - but the fact that only part of its economy is dependant on the US means that the Oz dollar will only be partially affected. You only have to look at the US and Oz stockmarkets to get an idea of how this works. The US is going through a massive retracement and yet the Oz market has only suffered partially through the US fall. Historically the Oz dollar has floated around the 60 cent US mark - it is only in recent times when the US economy was so buoyant that it rose against the Oz - as it did against most currencies. If the US dollar falls - and my reading of the situation says that it will - then it will probably fall to its previous benchmark against other currencies - all other things being equal of course.

I sure wish all the commentators on this list could identify themselves ie back up there statements with some qualifications....are you guy's senior economic forcasters..with one of the big banks, perhaps even one of you is secretly Ian MacFarlaine, or Alan Greenspan! Worse still who is Micheal Carmondy?

Not sure what you are driving at here - what use are qualifications ??
Your own judgement of the situation is probably as good as anyone elses in this volatile market. For every guru who says one thing you can find two who say another.

My investing style is much like your own - I try to pick up a buck here and a buck there. Welcome to the Board.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.