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Those planning their next overseas jaunt are maybe looking six months out at the Aussie dollar.
Or maybe such people don’t really care what the devil it does. They have so much of it. Or maybe you are funded in Euros, Greenbacks or Yen?
Let’s look at the lil Aussie battler charts:
The daily:
Click to Enlarge
The monthly:
Click to Enlarge
The weekly:
Click to Enlarge
I left the weekly ’til last as it is the most interesting. The daily and monthly look benign.
The weekly suggests maybe a low of maybe 65 or 60 cents. I have seen projections as low as 45 cents from those that think they know better. They could be right. But I doubt it.
So maybe think of hedging and converting some of your Australian Dollars into stronger currencies while the Aussie is relatively firm.
Or maybe a holiday on the beach again this year could be still just ticket.
Enjoy the ride
Tom Scollon
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