HelperElfMissy 42 Posted November 5, 2008 Share Posted November 5, 2008 Ok.... confused. I thought we would see a big drop in the AUD again, especially seeing as the RBA dropped the rate by an unexpected 3/4 of a percent... not as yet. In fact there still seems to be some rallying. Do you think that the distraction of the US election might see the AUD stay a bit more stable through this rate cut? I sure hope so! Link to post Share on other sites
veronica 2 Posted November 5, 2008 Share Posted November 5, 2008 I really hope so too. But... I unfortunately have no idea! (Sorry!) Link to post Share on other sites
JA2340 16 Posted November 5, 2008 Share Posted November 5, 2008 veronica, I think you sum up the collective wisdom of the whole economic expertise of all economics journalists the world over! They mostly have NFI as well! Link to post Share on other sites
BagOfCrisps 24 Posted November 6, 2008 Share Posted November 6, 2008 You should consider it as a career veronica! Link to post Share on other sites
rach 1 Posted November 9, 2008 Share Posted November 9, 2008 The pound had another bad week, even less than it was the week before. Closely watching to see how things go from now on. Can't believe where it is now, I want my years salary in advance! Link to post Share on other sites
NoFakie 45 Posted November 9, 2008 Share Posted November 9, 2008 Sometimes a big cut in interest rates is interpreted as a sign of the central bank taking positive action to improve things. That can give people faith in the currency again. A big one for the Aus dollar is the global appetite for risk that drives the carry trade. There are currencies with higher interest rates than the Aus dollar, so the rate is only part of the picture. Link to post Share on other sites
Tubby Beaver 209 Posted November 9, 2008 Share Posted November 9, 2008 what is the UK pound down to? Link to post Share on other sites
BagOfCrisps 24 Posted November 10, 2008 Share Posted November 10, 2008 It was loitering around 150-160 last week. Link to post Share on other sites
big-will 7 Posted November 10, 2008 Share Posted November 10, 2008 xe has it on 157 at the moment. Link to post Share on other sites
BagOfCrisps 24 Posted November 12, 2008 Share Posted November 12, 2008 Still loitering there. Nothing is bringing the poor bugger up right now.... Link to post Share on other sites
thursday 1 Posted November 12, 2008 Share Posted November 12, 2008 HBOS gonna be Chinese soon... Link to post Share on other sites
pie-eater 207 Posted November 13, 2008 Share Posted November 13, 2008 Perhaps they will rename it HBOC. whos buying them out thursday? Link to post Share on other sites
Tubby Beaver 209 Posted November 14, 2008 Share Posted November 14, 2008 HSBC Link to post Share on other sites
thursday 1 Posted November 14, 2008 Share Posted November 14, 2008 HSBC is British Tubbs. Link to post Share on other sites
thursday 1 Posted November 14, 2008 Share Posted November 14, 2008 HBOS is being courted by the big 4 Chinese. Link to post Share on other sites
Tubby Beaver 209 Posted November 16, 2008 Share Posted November 16, 2008 I thought it was from HK or Singapore Link to post Share on other sites
BagOfCrisps 24 Posted November 17, 2008 Share Posted November 17, 2008 What are the big 4 Chinese by the way thursday-san? Link to post Share on other sites
thursday 1 Posted November 17, 2008 Share Posted November 17, 2008 those would be: Industrial and Commercial Bank of China, Bank of China, China Construction Bank, Agricultural Bank of China. Link to post Share on other sites
RobBright 35 Posted November 17, 2008 Share Posted November 17, 2008 pound now at 143 Link to post Share on other sites
Tubby Beaver 209 Posted November 18, 2008 Share Posted November 18, 2008 yeah...keep on going pound...I've got 2 weeks before I can send money home!! Link to post Share on other sites
grungy-gonads 54 Posted November 19, 2008 Share Posted November 19, 2008 Monday I get my salary, off to the UK with that lot methinks. Link to post Share on other sites
thursday 1 Posted November 19, 2008 Share Posted November 19, 2008 not spending in Japan to help the economy? Link to post Share on other sites
thursday 1 Posted November 20, 2008 Share Posted November 20, 2008 this from one of my angry friends Quote: Yes....the symbol of USA is as good as a LAME DUCK at this juncture! Lame Duck #1: New US administration in transition and no one believe anything concrete will be done before Jan24th. Lame Duck #2: President-elect Obama surprisingly delayed the appointment of his Treasury Secretary creating more (unnecessary) market uncertainty Lame Duck #3: Incumbent Trsy Sec decided to protect himself by (literally) stop working! Worse, not only did he announced an about-turn in bailout strategy (which in all fairness is commendable), he decided to leave it to the new admin to decide on how to utilise the remaining $350bio bailout fund. Time is clearly not on the side of the collapsing market. Lame Duck #4: Instead of decisively passing an inevitable automobile-industry life-buoy credit line of a "peanut-ty" US$25bn, politicians decided to take the high ground in grilling the CEOs of GM, Ford & Chrysler in public and in the process adding unnecessary nervousness to the already panicking market Lame Duck #5: Lagging indicators - worsening data confirming recession - started to stream in which serves only to fuel further panic All adds up to fueling further panic both on main & wall street! For Berkshire Hathaway shares to drop 13% in such short period of time, and (as reported in CNBC) the major banks losing almost all the US$125bio they have gotten from TARP as their capitalisations were diminished by the falling market, it can only mean one thing: REDEMPTION continues forcing further liquidation! Link to post Share on other sites
JA2340 16 Posted November 20, 2008 Share Posted November 20, 2008 Just had a look at the AUD/JPY spot and it is around 61JPY per AUD. Damn, I wish I'd bought in August at around 100! This place has any number of reasonably major currency spot prices live. Worth a look if you have the ticker! It can be a tiny bit depressing in the current climate. Link to post Share on other sites
farquah 0 Posted November 20, 2008 Share Posted November 20, 2008 Wander what it would have been like in UK now if Maggie had her way and everything was privatised, how much of a mess then?! Link to post Share on other sites
Recommended Posts