Aussie dollar falls below $0.75

[henno]

... thank god I bought up a couple of months ago in the high nineties!

Time to switch from "ho mode" to "hoard mode".

[Jarro]

Don't tell 3oneday, he'll neck himself :shock:

[3oneday]

:)

[poidda]

Excellent. This means my winnings in Vegas will be worth even more to me come March. ;)

[3oneday]

Now .72 !

[Jarro]

And the Reserve Bank has dropped interest rates by a whole percentage point :shock:

[3oneday]

Christ, wonder what we end up with then, still .25% ?, any banks reacted yet ?

[Eag's]

And the Reserve Bank has dropped interest rates by a whole percentage point :shock:

Thank god they did because the market was in a huge nosedive :(
The last time they dropped rates a whole percentage point was back in 1992.

[Jarro]

Christ, wonder what we end up with then, still .25% ?, any banks reacted yet ?

John Symond from Aussie Home loans just said he anticipates to see about .7 - .75 of a % taken off the current rate.

Fingers crossed :mrgreen:

[poidda]

John Symond from Aussie Home loans just said he anticipates to see about .7 - .75 of a % taken off the current rate.

Fingers crossed :mrgreen:

The good ole credit union will pass on the lot more than likely. :)

[BrisVegas]

westpac dropped their's .8%

[goughy]

That's something at least. We're with Westpac.

I need to buy a new home more often! Last time we bought was way back in like the end of '96 and the day we settled was the first day of an interest rate drop. I think they were at about 8.75% and it was the start of a heap of drops. Getting the money at the moment to build now - so these drops are noice - but it always seems to happen when we buy something big!

[Bruce]

Wow! My bank didn't act like complete ****s for the first time in living memory.

[PeteyD]

Lulling you into a false sense of security, before they exercise the pay all now option when they start to go broke.

[kwantfm]

Anyone else thinking that central banks around the world will coordinate a significant rate cut? Perhaps the AUD will survive after all!

[henno]

Nope. The other major economies already have their rates in the toilet. The Aussie dollar is doomed. It was great while it lasted.

[OMG]

You could be right henno, but we still have one of the hghest interest rates around and our economy looks about as safe as there is too, so don't be surprised if investors want to move some of their money here which would keep demand up, so maybe!

[3oneday]

0.7066 this morning !

[markTHEblake]

.70 was the bottom on Monday :-)

its cracked .645 a short time ago.

Pretty good trick by the USA Nice Government Men. tease the punters with the promise of throwing 700b out of a helicopter which will debase the dollar, the result is that the market drops commodities like a hot potato and begin hoarding dollars. :smt102

I wonder how long it takes for them to realise that the miserable dollar is worth less than the paper its printed on and they start spending it again. (oh wait, only 5% of USD is backed by paper, the rest is backed by thin air)

[Grunt]

Dropping like a rock now, got below 65 cents overnight.

[welshy]

http://www.news.com.au/business/story/0,27753,24469279-31037,00.html

[oobsadd2]

just bought some shafts from the states.
Didnt realise things were that bad till I was ready to comfirm in Paypal. .61
Already committed by then.
Glad I saw I saw it then and not in my bank statement.
Brings the shafts up to local price.

[3oneday]

Almost back to .64 this morning.

[oobsadd2]

Paypal have to do some skimming on the exchange rate.

[3oneday]

Oh yeah, you don't use the Paypal rate, you have the option of charging it direct to your card as they skim more than the banks do.

About 2 cents I think, if not more.

[3oneday]

AUD back at 80 cents today... are we about to go back to the good ole "ho without losing" days again ??? 8)

[Jarro]

AUD back at 80 cents today... are we about to go back to the good ole "ho without losing" days again ??? 8)

:roll:

When can we start placing orders ?

[kingslayer33]

:roll:

When can we start placing orders ?


It's a tough question isn't it. Will we go much higher like 6 months back? If so any purchase now would be comparitively smashed but it is still a lot better than the $0.60 of a few months back.

I'm at least back looking at ebay.com which was on the non-go list for a while there.

[u8ergolfer]

The loins are stirrin'.. now Were's the shortcut to the ebay.com golf section?...might start 3 wood ho'ing again.

[adlo]

Off to the US of A is 3 weeks, hoping the dollar keeps going up.

[AndyP]

Avenging Narwhals are getting cheaper by the day:

http://www.baronbob.com/narwhalimpalemain.jpg (http://www.baronbob.com/avengingnarwhal-actionfigure.htm)

[just]

As are Narwhal tusks (http://www.narwhaltusks.com/index.html), complete with export permits!

[adlo]

I am just going to wait for Henno to start ho'ing Narwhal merchandise in the pro shop.

[henno]

Heck no. Any narwhal merch I come across won't be getting sold to anyone. They'd be keepers!

[adlo]

You will go crazy and buy 2 of everything. Once you regain your composure, you will decide to share the love with your fellow ozgolfers.

[Yossarian]

Put me down for one of these badboys

http://i40.tinypic.com/ao1vk.jpg

[Yossarian]

Even better, with 3 adorable animals to impale


http://i42.tinypic.com/wlsruw.jpg

[adlo]

A koala?

[CobraSS]

when would a Koala ever encounter a Narwhal?

[henno]

It's embarassing to admit, but I have seen all of the above merch before.

Although I did wonder what the designers were smoking that thought an Arctic Narwhal would meet (and impale) a Southern Hemisphere dwelling Koala. :smt102

[henno]

A koala?


when would a Koala ever encounter a Narwhal?


Although I did wonder what the designers were smoking that thought an Arctic Narwhal would meet (and impale) a Southern Hemisphere dwelling Koala. :smt102

Great minds, and all that. :mrgreen:

[Yossarian]

Hey I just find the images:mrgreen: Don't ask tricky questions

Maybe the koala went for a swim and met Harold Holt and then an encounter with a narwhal ensued? :razz:

[Yossarian]

I like the different coloured prongs? that you can impale things on.

[adlo]

:lol: :lol:

[markTHEblake]

What goes up must come down. and usually it falls as quick as it went up.
This is the USD Index, which is the $ versus several of the major currencies (doesnt inc. AUD)

http://quotes.ino.com/chart/history.gif?s=NYBOT_DX&t=l&w=15&a=50&v=dmax

[Grunt]

So does that mean we are on the rise or this is the end of the cycle again

[AndyP]

Even better, with 3 adorable animals to impale

So cool that you had to post the exact same thing as me?

[Yossarian]

So cool that you had to post the exact same thing as me?

In all honesty I didn't see your OP :oops:

But mine included the koala.:mrgreen:

And you are pretty cool 8-)

[henno]

So cool that you had to post the exact same thing as me?

http://img265.imageshack.us/img265/7506/sourball1.jpg

[adlo]

It wasn't exact. Your one is in "used" condition, is missing some colours and an animal to impale.

I know which one I want.

[adlo]

http://img265.imageshack.us/img265/7506/sourball1.jpg
:lol:

People pouncing to reply in this thread!

[Yossarian]

It wasn't exact. Your one is in "used" condition, is missing some colours and an animal to impale.

I know which one I want.


:D

[AndyP]

It wasn't exact. Your one is in "used" condition, is missing some colours and an animal to impale.

I know which one I want.You could always click on the photo......

$14.95US is a bargain.

[adlo]

I stand corrected. That is genius.

[PeteyD]

If we import Narwhals can we get rid of the stinking koalas?

[markTHEblake]

So does that mean we are on the rise or this is the end of the cycle again

Grant, The USD is karking itself against all currencies, means nothing regarding the AUD. I dont know how our dollar is going against the othe majors, havent looked.

I don't know much about drawing lines through the peaks and troughs like the traders do, but from what I can see it looks to me like its the USD is about to stop hemorrhaging for now.

[3oneday]

Seems a ways off the 47 cents some doomsayers were predicting.

[henno]

I know it sounds backwards, but I hope the dollar doesn't creep too much higher. $0.75-$0.80 is a good mark in my books. Any higher and I'll just about lose my job, exports suffer, and we are not as well sheilded from international economic issues.

The low Aussie dollar might have cost us a fortune in golf gear at $0.50-$0.60, but it played its part in saving us from the bulk of the Asian financial crisis.

[markTHEblake]

I know it sounds backwards,

well how is this for backwards., in the last month or so, Gold has been increasing significantly measured in USD, so everyone is saying to buy it as it heads towards the magic $1000

But in AUD its been going down. :)

so does one buy or sell now? :?

[henno]

I think that depends on how poorly you think the US economy will do, more than the performance of the Aussie markets. (Just like the AUD-vs-USD I guess.)

[Scottt]

The AU$ is also kicking the pound's arse right now, so it's also a good time to buy from the UK.

AU$1 is buying about 52p at the moment. When I lobbed here last November it was buying 40p!

I thionk shipping from UK to Aus is a bit pricier than US to Aus though...

[Yossarian]

Anyone for one of these badboys?

http://i43.tinypic.com/oj06xv.jpg

[Ned]

.812 against the grass back today!