Aussie $ On Parity With Usd By End Of 2010

[Naam]

If you look back a couple of years at the posts in this forum, you'll see plenty of Brits using the cliche "safe as houses". Haven't seen it used much lately.

safe houses do exist!

[Naam]

"Canada needs the $US to increase against the $CAD in order to boost Canadian exports. As such, Canadian manufacturers and energy exporters are going to do their utmost to see that the $US is supported."

an interesting claim. how is that "support" done, pray tell?

By ensuring that Canadian interest rates are kept low preventing an influx of $US investments. The US represents the largest export market for Canada. A stronger US dollar makes Canadian exports cheaper to purchase on the US side.

what you listed might be correct. however, "canadian manufacturers and energy exporters" cannot influence canadian interest rates.

i don't see much protection looking at graph USD/CAD of the last 10 years from 1.60 to near parity.

[midas]

Sssshh ... The last time AUD parity with the USD was predicted was in July 2008, and we know what happened after that.

In October 2008 friends visiting Thailand were getting 21 baht to the dollar for their AUD while the USD was still around 33-34.

$A hits parity with US dollar

http://news.smh.com.au/breaking-news-business/a-hits-parity-with-us-dollar-20101016-16nut.html

[Robby nz]

A done deal

The Australian dollar hit parity with the US dollar on Friday, after Federal Reserve chairman Ben Bernanke said the central bank was ready to support recovery "if needed".

Foreign currency dealer Ekarat Prechatanapoj displays US (L) and Australian 100 dollar notes in Sydney on October 5. The Australian dollar hit parity with the US dollar on Friday, after Federal Reserve chairman Ben Bernanke said the central bank was ready to support recovery "if needed".

In afternoon London deals, the Aussie soared as high as 1.0003 dollars, hitting its highest level since being floated in December 1983. Moments later it pulled back to stand at 99.50 US cents.

Bernanke, speaking in Boston on Friday, gave his strongest hint to date that the US central bank will step in to help the country's fledgling economic recovery with more extraordinary measures to prime the economy.

From the one we should not link to.

Question is how low will the US$ go when Ben gets into QE2?