AUD 0.00% 1.5209 australian dollar

AUD continues to tank.....USD 0.7138 @ 2:30 am , Jan 6, page-18

  1. 7,702 Posts.
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    I use different periodicities for different things. I spend a lot of time looking at the macro situation, globally, economically, geopolitically, etc. Long time interests of mine. I'm thinking people here even might be looking more globally now.
    For a long time I was heavily exposed to the dollar by holding US domiciled instrument (various ETFs), and profited more from the AUD fall, than the SP rise in USA! This was a combo of two long term macro bets , on US stocks rising more than in Australia (now pretty much everything, in all asset classes, in all countries is tanking...except gold, priced in USD, so AUD remains relevant and I still retain an interest) , and the falling AUD. I'm out of those positions now.
    This was (still is ) a way for Australians to benefit from the falling currency without FX Trading, or selling the AUD in Futures Markets....buy something in a country whose currency is rising more than yours.
    In fact I used to trade Futures (CME) in NY long ago, and certainly wasn't using monthly charts, but minute by minute....but it's a place to start when making long term macro bets...which can also then be directed, or used to zoom in, at more immediate situations. I'm not so secretly looking for the next Black Swan.
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