Home » data

Glory Days for the AUD are Numbered

June 22, 2011 11:36 pm by Dean Morel

A long term perspective is the best cure for anchoring.

Above is the AUD to USD chart since the Australian dollar floated in December 1983. These glory days are numbered. The historically strong Aussie may stay above a US dollar for a brief period, but long term it will revert to the mean, no doubt overshooting on the way there. Same goes for the kiwi dollar.

Note: I’m considering an employment offer from a US company, so this view is biased.

Be Sociable, Share!