Time to deposit and start winning everyone.

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Brett Kay
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Joined: Wed Oct 17, 2007 5:09 pm
State: WA
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Time to deposit and start winning everyone.

Postby Brett Kay » 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
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