Australian dollar hits 23 year high - GoFuckYourself.com

tabasco · 02-27-2008, 02:58 PM

I want to cry...

---

"The Australian dollar rose to the highest in 23 years on speculation the central bank will raise interest rates next month to slow inflation, widening the nation's yield advantage over the US.

Australia's dollar is the best performer among the 16 most- active major currencies in the past month as the central bank this month increased borrowing costs to an 11-year high of 7%. By contrast, traders are betting the Federal Reserve will cut rates in March as reports show US home prices and consumer confidence fell.

The Australian dollar rose as high as 94.34 US cents at 7.50am in Sydney, the most since March 1984. It recently traded at 94.27 US cents.

''The Australian dollar is one of our favored picks,'' said Sue Trinh, a currency strategist at RBC Capital Markets in Sydney. It's also ''an environment that's slanted toward US dollar weakness.''

The Reserve Bank of Australia will probably raise its benchmark interest rate by a quarter-percentage point next week to 7.25%, according to all but 2 of 24 economists surveyed by Bloomberg News. That would increase the nation's interest-rate premium over the US to the most since July 2004.

The RBA lifted rates earlier this month to slow inflation while the Fed slashed its benchmark in January by 1.25 percentage points to stave off a recession led by a housing slump.

Fed funds futures on the Chicago Board of Trade indicate a 86% chance policy makers will reduce the target rate for overnight lending between banks by a half point to 2.5% at their next meeting in March."

GAMEFINEST · 02-27-2008, 03:02 PM

Thats just great

VeriSexy · 02-27-2008, 03:31 PM

I feel your pain

papill0n · 02-27-2008, 03:43 PM

fuck shit piss mother fucker cunt

Calico Jack · 02-27-2008, 04:14 PM

Holy shit! That's not good. Another fucking interest rate...just fucking terrific! How I long for the good old days of 48 cents to the dollar!

Aka_Bluey · 02-27-2008, 04:16 PM

Unbelievable.

nekrom · 02-27-2008, 04:29 PM

Thank fuck for the euro is all I can say.

-N

tabasco · 02-27-2008, 04:50 PM

Quote:

Originally Posted by Calico Jack

Holy shit! That's not good. Another fucking interest rate...just fucking terrific! How I long for the good old days of 48 cents to the dollar!

I dont think it's peaked either. It seems inevitable it will surpass the dollar for dollar mark this year.

Adam_M · 02-27-2008, 05:30 PM

Quote:

Originally Posted by tabasco

I dont think it's peaked either. It seems inevitable it will surpass the dollar for dollar mark this year.

I think your right

Watchersweb · 02-27-2008, 06:26 PM

Get yourself a foreign currency account , sit on your cash ...it will fall and when it does it will be hard and fast !!

Ray

tabasco · 02-27-2008, 10:28 PM

I might have to look into that. How does that work regarding company tax? Do you pay your 30% on the US amount and then another 30% on the difference once you convert it to AU?

bigalownz · 02-28-2008, 12:10 AM

Quote:

Originally Posted by Calico Jack

Holy shit! That's not good. Another fucking interest rate...just fucking terrific! How I long for the good old days of 48 cents to the dollar!

i know what you mean

when i started doing porn it was about 40c nz
now its 82c nz

at one stage i was going to porn full time

i worked it out with the $$ i made from porn at 40c nz

i could of bought a house for that

tabasco · 10-11-2008, 05:07 AM

As the worm turns. $AU currently at 65c... 6 months is a long time in politics

CuriousToyBoy · 10-11-2008, 05:08 PM

Quote:

Originally Posted by tabasco

I dont think it's peaked either. It seems inevitable it will surpass the dollar for dollar mark this year.

Remind me never to ask you for market or football tips.

karlos · 10-11-2008, 05:36 PM

its awesome. i get paid US dollars by my affiliates. and i dont have a mortgage

nekrom · 10-11-2008, 05:42 PM

It's a corker isn't it, a license to print money again.

-N

Calico Jack · 10-11-2008, 05:53 PM

$.65 cents at the moment. This is fan 'fucking' tastic!

CunningStunt · 10-11-2008, 09:42 PM

I'm lovin it....time to frigging hammer your efforts aussies and bring in some more dough while the sun shines...

1 AUD = 0.653702 USD 1 USD = 1.52975 AUD

papill0n · 10-11-2008, 09:45 PM

Fuck am I looking forward to go to the bank tomorrow :D

02-27-2008, 02:58 PM	#1
tabasco Confirmed User Industry Role: Join Date: Jul 2006 Location: In a van down by the river Posts: 2,624	Australian dollar hits 23 year high I want to cry... --- "The Australian dollar rose to the highest in 23 years on speculation the central bank will raise interest rates next month to slow inflation, widening the nation's yield advantage over the US. Australia's dollar is the best performer among the 16 most- active major currencies in the past month as the central bank this month increased borrowing costs to an 11-year high of 7%. By contrast, traders are betting the Federal Reserve will cut rates in March as reports show US home prices and consumer confidence fell. The Australian dollar rose as high as 94.34 US cents at 7.50am in Sydney, the most since March 1984. It recently traded at 94.27 US cents. ''The Australian dollar is one of our favored picks,'' said Sue Trinh, a currency strategist at RBC Capital Markets in Sydney. It's also ''an environment that's slanted toward US dollar weakness.'' The Reserve Bank of Australia will probably raise its benchmark interest rate by a quarter-percentage point next week to 7.25%, according to all but 2 of 24 economists surveyed by Bloomberg News. That would increase the nation's interest-rate premium over the US to the most since July 2004. The RBA lifted rates earlier this month to slow inflation while the Fed slashed its benchmark in January by 1.25 percentage points to stave off a recession led by a housing slump. Fed funds futures on the Chicago Board of Trade indicate a 86% chance policy makers will reduce the target rate for overnight lending between banks by a half point to 2.5% at their next meeting in March." __________________ "There is no other way to see a thing except to look at it" - fatfoo

02-27-2008, 03:02 PM	#2
GAMEFINEST Make STACK$ Industry Role: Join Date: Nov 2006 Location: sexy time Posts: 14,439	Thats just great __________________ Compound interest.

02-27-2008, 03:31 PM	#3
VeriSexy Join The Royal Family Join Date: Apr 2002 Posts: 25,463	I feel your pain __________________ Looking for a KICK ASS TEEN SPONSOR? Check out ROYAL CASH - THE KING OF TEEN! Incredible webmaster tools FHGs, Morphing Blog and RSS Feeds, Embedded FLV & WMV Videos. With TOP RATIO Sites like TeenStarsOnly.com - Earn $$ with our New Site & Bonus Payouts!! ATMovs.com \| iTeenVideo.com \| TeenSexMovs.com \| TeenSexMania.com

02-27-2008, 04:14 PM	#5
Calico Jack Confirmed User Join Date: Jul 2004 Posts: 2,051	Holy shit! That's not good. Another fucking interest rate...just fucking terrific! How I long for the good old days of 48 cents to the dollar! __________________ Got Foot Fetish Traffic? These sites will make you $$$... Footsie Babes - Hot Legs & Feet - Kink's Foot Worship - Black Meat White Feet NAKED HOSTING (Certified Hosting)...Adult Web Hosting at its FINEST! Signup Here!

02-27-2008, 04:16 PM	#6
Aka_Bluey Confirmed User Industry Role: Join Date: Sep 2007 Posts: 631	Unbelievable. __________________ Things that make ya go hmmmm....

02-27-2008, 03:43 PM	#4
papill0n Unregistered Abuser Industry Role: Join Date: Oct 2007 Posts: 15,547	fuck shit piss mother fucker cunt

02-27-2008, 04:29 PM	#7
nekrom Confirmed User Industry Role: Join Date: Mar 2004 Location: Australia/Asia Posts: 921	Thank fuck for the euro is all I can say. -N __________________ Free Traffic

02-27-2008, 06:26 PM	#10
Watchersweb Confirmed User Industry Role: Join Date: Dec 2003 Location: Gold Coast Australia Posts: 102	Get yourself a foreign currency account , sit on your cash ...it will fall and when it does it will be hard and fast !! Ray

02-27-2008, 10:28 PM	#11
tabasco Confirmed User Industry Role: Join Date: Jul 2006 Location: In a van down by the river Posts: 2,624	I might have to look into that. How does that work regarding company tax? Do you pay your 30% on the US amount and then another 30% on the difference once you convert it to AU? __________________ "There is no other way to see a thing except to look at it" - fatfoo

10-11-2008, 05:07 AM	#13
tabasco Confirmed User Industry Role: Join Date: Jul 2006 Location: In a van down by the river Posts: 2,624	As the worm turns. $AU currently at 65c... 6 months is a long time in politics __________________ "There is no other way to see a thing except to look at it" - fatfoo

10-11-2008, 05:36 PM	#15
karlos Registered User Industry Role: Join Date: Sep 2007 Location: Bumfuck Posts: 86	its awesome. i get paid US dollars by my affiliates. and i dont have a mortgage

10-11-2008, 05:42 PM	#16
nekrom Confirmed User Industry Role: Join Date: Mar 2004 Location: Australia/Asia Posts: 921	It's a corker isn't it, a license to print money again. -N __________________ Free Traffic

10-11-2008, 05:53 PM	#17
Calico Jack Confirmed User Join Date: Jul 2004 Posts: 2,051	$.65 cents at the moment. This is fan 'fucking' tastic! __________________ Got Foot Fetish Traffic? These sites will make you $$$... Footsie Babes - Hot Legs & Feet - Kink's Foot Worship - Black Meat White Feet NAKED HOSTING (Certified Hosting)...Adult Web Hosting at its FINEST! Signup Here!

10-11-2008, 09:42 PM	#18
CunningStunt Confirmed User Industry Role: Join Date: Aug 2006 Posts: 5,594	I'm lovin it....time to frigging hammer your efforts aussies and bring in some more dough while the sun shines... 1 AUD = 0.653702 USD 1 USD = 1.52975 AUD

10-11-2008, 09:45 PM	#19
papill0n Unregistered Abuser Industry Role: Join Date: Oct 2007 Posts: 15,547	Fuck am I looking forward to go to the bank tomorrow :D