Just been looking at the ten year chart: -
http://www.xe.com/currencycharts/?from= ... D&view=10Y
GBP/AUD
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superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
similar charts for GBP/JPY and also GBP/CHF (before the Swiss central bank intervention).
i sold GBP/AUD at 2.4 in '08 but got out way way too early.
i hope you're not looking to pick a bottom?!
the commodity currencies may be overvalued but i wouldn't oppose them with the £ considering the outlook for the UK and actions of the BoE.
i sold GBP/AUD at 2.4 in '08 but got out way way too early.
i hope you're not looking to pick a bottom?!
the commodity currencies may be overvalued but i wouldn't oppose them with the £ considering the outlook for the UK and actions of the BoE.
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CaerMyrddin
- Posts: 1271
- Joined: Mon Sep 07, 2009 10:47 am
I bought some AUD's as a 'hedging' against the Euro eventual collapse. Knowing the concerns around the commodity currencies, I thought it would be good to have something that is would be worth a lot in such a scenario. If it doesn't happen, I'll be more than happy, anyway!
Like Canada, we're a commodity based economy as well so I guess that explains the correlation.Euler wrote:Just been looking at the ten year chart: -
http://www.xe.com/currencycharts/?from= ... D&view=10Y
Interesting thing in the charts below- our interest rates are down to post GFC level but the AUD is soaring.
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