Question about the Aussie dollar

[TigerCleavage]

I've noticed over the past month the Aussie dollar keeps hovering around the mid 60 US cents. My question is do you think the dollar is set to drop even more over the coming months, or is this about as low as it will get?
The reason I'm asking is I've been doing some book design work recently and have been getting paid in US dollars, I'm wondering if I should convert it to Australian currency now, or perhaps wait and see if I can get some more juice from it if the dollar falls?

 

[Lynch takes a mark]

It's a combination of a number of things including;

- Commodity demand falling sharply (AU exports)
- deleveraging, margin calls etc from companies wanting to reduce the debt in the USA and abroad
- strong flight to perceived safety in US treasuries (which is creating another very dangerous bubble)

If it were me I would be demanding payment in gold bullion

 

[year of the roo]

Short term I think it will fall further, but not substantially. I don't think we will see it at the near 1:1 levels of July 2008 for a long long time.

 

[Footbrawler]

With demand for commodities falling off a cliff, interest rate differentials shrinking, and carries being unwound, I think it's a good bet that we will fall below .60 some time soon. Depending on how much cash you have, I suggest you open an IB account, or some other brokerage account and convert your cash there. Banks spreads are criminal.

 

[Frodo]

Personally, I think 65c is fair value.

Commodity prices and high interest rate differentials pumped the Aussie, but now those forces are no more.

Short term.......who knows