kaosharper1
One Too Many
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- Pasadena, CA
cookie said:Some suggestion it may go to 58 cents USD
Having worked in these markets for 30 years I can say that there is some probability that the Aussie dollar will decline somewhat from where it is, but the central banks are likely to intervene and it could easily go the other way. When it does, it will rise quickly. Markets are hard to predict, but currencies are really hard since the central banks are not return maximizers. That is, they're the biggest player and making a profit is not their goal.
So timing our Akubra purchases is like trying to time the market. Its fun, but don't take it too seriously. They're cheap now. They may get cheaper, but then again . . .