$a hits 67c - to cover?

  1. 18,561 Posts.
    It has since fallen away a tad but at 67c to the $US it's tempting to buy some forward cover - I buy a lot of $US in a year.

    Only problem is that one has to give up 250 points or 2.5c to get cover for 12 months and to cover $A200,000 my bank requires $40,000 deposit. Any moves in USA or Aus interest rates or significant moves upwards in the $A might require additional deposits.

    I'm not going to do it -

    Regards
 
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