Quote:
Originally posted by Driven
DavidD, I've got some Australian cash right now, watching the Aussie dollar climb vs the US right now, its 74cents right now, is there anywhere to check online the previous highs in the 90's for the aussie dollar vs US? its the boom bust cycle, as soon as the aussie dollar hits 78cents or 80cents its going to peak and then kill exports and the Australian economy will slow big time, then the dollar with start dropping again. I'd like to know the previous high so I can plan when to move some Aussie money into US.
Is there somewhere online to check this stuff?
Thanks mate
Matt
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All of my online ForEx dealers cap it at 3 to 5 years of data. I am continuing to search though, as I am interested in getting to the data going back to the 80's. As I recall, the USD was in the toilet through the entire Reagan administration, at the same time the stock market was going through the roof.
I'll follow up later on, but 12clicks' comments were correct. The administration wants the dollar to bottom, to a point. There comes a point in time though when you can send your currency into terminal velocity, or outside forces can send your currency down. OPEC deciding to price oil in Euro's would be one such occurance.