Time to deposit and start winning everyone.
Posted: Fri Nov 20, 2009 11:32 pm
http://www.news.com.au/business/story/0 ... 62,00.html
Premise of the article is that Australian Currency will be level with US dollar in 6-12 months. At that point they believe it is 30% overvalued.
So once the balances are bought into play. What was once 1.03 will slowly decline into 0.70c again.
So what this means is the next 6-12 months look good for depositing, bad for withdrawls. Good for imports, and travel (WSOP?) bad for our exports and trade as well.
Brett
Premise of the article is that Australian Currency will be level with US dollar in 6-12 months. At that point they believe it is 30% overvalued.
So once the balances are bought into play. What was once 1.03 will slowly decline into 0.70c again.
So what this means is the next 6-12 months look good for depositing, bad for withdrawls. Good for imports, and travel (WSOP?) bad for our exports and trade as well.
Brett