Subject:
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Re: US dollars. Which bank should I rob?
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Newsgroups:
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lugnet.loc.au
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Date:
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Mon, 18 Jun 2001 23:02:57 GMT
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Viewed:
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1144 times
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I replied to this yesterday, but my post seems to have disappeared in the
changeover to email verification:
In lugnet.loc.au, Ross Crawford writes:
> In lugnet.loc.au, James Howse writes:
> > Are the any up-coming financial thingys that may affect the exchange rate
> > that I ought know about and hence exchange before/after?
>
> Dunno. Exchange rate relatively good right now. Relative to couple of
> months ago, anyway.
The $A has been on a fairly constant downward slide against the US$ for 30+
years (possibly since WWII?) - I can still remember US$2=$A1 rates from my
childhood.
Given this, James should buy now to take advantage of this hiccup, Ross
should wait a bit longer...
> It may continue up, in which caase you might wanna wait, or more
> likely it'll slump again to new lows, in which case you'd be better buying
> up today.
Never underestimate the power of a federal election (Nov 17 is my guess -
maximum inconvenience to me!) to influence things. Does the government
appeal to the financial sector (& superannuants etc) or the people??? Do
interest rates (& the dollar) go up or down? Are you as cynical as me about
these things?
Cheers
Richie Dulin
Patrician of Brick Morpork
Who can't believe they regard Economics as a science - let alone that they
offer a Nobel Prize for it.
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Message is in Reply To:
 | | Re: US dollars. Which bank should I rob?
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| (...) I'd say it's more a case of "Members who post using the web form have a clear advantage". Luckily I do most of the time 8?) (...) ??? Don't really see the link here. Am I missing something? (...) Hmmm. Someone may have. I have a limited (...) (25 years ago, 18-Jun-01, to lugnet.loc.au)
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