Australian dollar

[CPH]

How do you think the Australian dollar will develop up to and after the election.

[Gsxrnz]

My crystal ball is out of order

But I can guarantee that 50% of TV members opinions will be correct, and 50% will be wrong.

[MrWorldwide]

a. I believe this is in the wrong forum

b. Wont matter what it does in the short term - 12-18 months and it will be back in the 85-90 cents level. Much more realistic if the Fed stops printing money.

[Jasun]

I don't think the election will have much influence on the dollar, other than a bit of a 'watch and see', which should mean stability. Good economic management (libs getting in) doesn't always translate to a higher dollar, and most forecasters have it heading slowly south to high 80s by end of next year.

[MrWorldwide]

Yup, and 'high 80s' would be fine with me, as long as that reflected the US dollar of old (up around 40 baht). For all the 'we need parity to go shopping !' madness, the world economy needs the US consumer to start spending again a lot more than it needs planeloads of Aussies wandering around Kuta and Phuket. The party's over, and it was good while it lasted.

[seajae]

who cares, I am over all the crap in Australia, gillard was bad, rudd is worse and abbott is hopeless, they get what they deserve but hopefully not another labor govt to screw it up even more.

[MrWorldwide]

seajae, for a man who doesnt' give a crap, you seem to have some pretty strong opinions

[wamberal]

Nobody knows. I worked for the Reserve Bank of Australia for a while, and they did not know what the value would be next week, let alone in six months time.

[Bluetongue]

Does anybody know/think that the Gillard decision to allow China Australia currency transactions direct without US dollar has anything to do with it, jus wondering