RexNuts Subaru Forums

Hey guys...
time to buy from USA if your thinking about it...
Dollar is up to 93.36c 22/9
96.76c 29/9
97.19c 06/10
101.42c 5/11
1.10c 2/5/2011

Nice isn't it

I'm getting some front and rear spats from RS25.com atm

Brad, NOW is the time to buy those things you wanted!

Yer its looking really good at the moment.
95 cents would be even better.

ATP & adorama here I come!

DIdnt he already buy them??!

Hey yeah that's a good point.

I wonder if this would be worthwhile then
I think it works out at around $205 plus postage

http://www.glowshiftdirect.com/red-digi ... uge-1.aspx

i dont know much about them...is it a good brand ?

Dont know... a few videos in youtube about them though...

Update Kurtos.
What is it today ?

Dollar hit 94.57 overnight

THE dollar opened almost half a US cent stronger after reaching a two year high due to US dollar weakness overnight.

At 7am (AEST) today, the local unit was trading at 93.96 US cents, up from yesterday's close of 93.28 cents.

It reached 94.57 US cents overnight, the highest since August 1, 2008.

Since 7am (AEST), the local currency traded between 93.14 cents and 94.57 cents.

Bank of New Zealand currency strategist Mike Jones said the local unit pushed above a key barrier of 94 US cents during the offshore session.

"We saw the Aussie rocket to 25-month highs overnight," Mr Jones said from Wellington.

"The gain in the Aussie mostly came about through a sharply weaker US dollar and dragging the US dollar lower, we had a plunge in bond yields and a fresh 15-month low in (US) dollar/yen.



Read more: http://www.news.com.au/business/breakin ... z0zYwHW3xS

Jeezus,thanks for the detailed reply.

Not a problem there Father Pat..

Aussie Dollar now at US93.75cents
Gold up to $1268 per ounce

Go the AUD.

Another update please Mr Stockbroker...

THE Australian dollar closed at a two-year high after the unit broke through two key psychological levels during the trading day.

At 5pm (AEST) today, the local unit was trading at US94.39c, up from yesterday's close of US93.55c.

It subsequently rose to US94.59c early in offshore trade.

It was the highest close on a domestic session since July 31, 2008, when it ended the local session at US94.54c.

Since 7am (AEST) today, the local currency traded between US93.49c and US94.54c.

It was also the local unit's second visit above US94c this week, after it briefly touched 94.57c during Tuesday's offshore trade.

CMC Markets foreign exchange dealer Tim Waterer said the unit broke through two key psychological levels - 93.70 US cents and 94.20 cents - before appreciating further, and faster, against a weak US dollar.

"There wasn't any news out during the Asian session, but we have just seen a lot of US dollar selling," he said.

"When it got to those psychological levels, it shot up another 10 to 20 pips quite quickly."

Mr Waterer said the unit was supported by strong commodity prices, in particular gold, and a strong performance on the local share market.

The official measure of US inflation is expected to show prices rose 0.3 per cent in the month, at the same pace as July.

The rate of inflation is expected to be at 1.1 per cent in the year to August.

"The market can be jumpy with anything having to do with the monetary policy outlook in the US," Mr Waterer said.

"If it's a solid number, we would see the Aussie move again tonight.

"It could run into some headwinds shy of 95 US cents."





Read more: http://www.news.com.au/breaking-news/do ... z0zvWAEVae

Thanks Kurtos.

Dollar soars to new highs as gold jumps
September 21, 2010 - 7:13AM


The Australian dollar has soared yet again, this time to levels not seen since July 2008, amid expectations its US counterpart will continue to track backwards.

The Aussie dollar rose to a high of 94.94 US cents shortly after midnight east-coast time, more than a full US cent stronger than it was at the open of local trade yesterday and topping the previous two-year high of 94.69 US cents achieved on Friday.

Then, it was the dollar's best showing since the start of the global financial crisis. In the past three years, the dollar has averaged 84.6 US cents.

The dollar was building on a boost it received yesterday when Reserve Bank governor Glenn Stevens signalled local interest rates were likely to rise - stronger interest rates create demand for the Australian dollar, in turn pushing up its value.

Later today, the RBA will release the minutes of its last board meeting, where it opted to keep the official cash rate on hold at 4.5 per cent. The contents of those minutes have the potential to impact on the dollar further.

Since September 9, when the dollar opened at 91.9 US cents, to its high point overnight, the local currency has clocked up a gain of 3.3 per cent - great news for travellers changing Australian dollars for what will now be an even bigger wad of greenbacks.

The strength of the dollar came as a key broad index of the performance of US stocks, the S&P 500, closed at a four-month high. It pushed through an important technical barrier on a flurry of corporate news that increased investor optimism.

And the US National Bureau of Economic Research said that the longest recession since World War II officially ended in June 2009, though that did not mean the economy had "returned to operating at normal capacity".

The bureau's announcement "is a nice shot in the arm, psychologically, since it suggests more progress than some parts of the market had allowed for," said Bruce McCain, chief investment strategist at Key Private Bank in Cleveland, Ohio. "It suggests an opening of potential going forward."

And elsewhere on the markets, the gold price yet again clocked up another record - its third in as many trading sessions - on expectations the US dollar will continue to fall.

There is a widely held belief that stimulus programs designed to drive the US economy will erode the value of the US dollar and boost demand for alternative investments. Those alternative include gold and the Australian currency.

The strength or weakness of the Australian dollar largely depends on the performance of the US currency.

Tonight, the US Federal Reserve may suggest the need to inject more stimulus into the economy. That could eat further into the value of the US dollar.

Do you think it would go any higher?

im thinking of exchanging some money, but not sure if i should change it now or wait it out abit more.

Mate if i was you do it now...

cant see it going much higher if at all..

Good for people travelling to places like Thailand etc

^^^ I hearing ya Kurtos.
If only we were going again.

What are those??

95. something today!!

The Australian dollar has reached a fresh 26-month high, after a meeting of the US Federal Reserve fuelled expectations it is poised to inject more money into the US economy.

As widely expected, the Fed did not take any action overnight, but observers say it has opened the door to another round of buying billions of dollars of bonds to boost the money supply.

It indicated it is concerned that inflation is too low, in a statement saying it is "prepared to provide additional accommodation if needed to support the economic recovery and to return inflation, over time, to levels consistent with its mandate."

The Economist's chief economics editor, Zanny Minton Beddoes, has told Radio National Breakfast the Fed has room to do more.

"They will do more because the US economy has slowed a lot over the summer, there's not much sign of any reacceleration, and there's likely to be quite a lot of fiscal tightening next year," she said.

"So I think it's a question now of when, not if."

As investors sold off the US dollar, the Australian dollar rose to 95.64 US cents, its highest level since July 2008.

The price of gold and US Treasuries rose on the back of the Fed's statement, as did equities.

But the sharemarket gains faded, and the Dow Jones Industrial Average has closed just 7.41 points higher at 10,761.03.

The S&P 500's finished 2.93 points lower at 1,139.78.

The Nasdaq's dropped 6.48 points 2,349.35.

Airline stocks have rallied after the International Air Transport Association tripled its forecast for airline profits in 2010 to almost US$9 billion.

In London, the FTSE 100 has fallen 26.35 points to 5,576.19.

The local futures market suggests Australian shares will add to yesterday's 0.3 per cent fall today.

The ASX SPI 200 is down 8 points at 4,640.

At 8.15am (AEST), spot gold was up at US$1,286.30 an ounce.

West Texas Crude oil was down at US$74.72 a barrel.

Tapis crude oil rose yesterday and was trading at US$82.35.

The Australian dollar was fetching 95.32 US cents, 81.15 Japanese yen, 61.09 British pence, and 71.94 euro cents.