Aussie shines again as rate hike inches closer
Untitled document AUD The Australian Dollar was mixed to higher on news from Reserve Bank of Australia Governor, Glenn Stevens, who said that the Australian interest rates will most probably be raised sooner than previously thought. The Aussie has been the star performer in the Forex as of late, buoyed by round after round of positive economic data out of Australia and now a sign that the economy is faring so much better than expected that a rate increase is in the works. At 10:30PM GMT, the Australian Dollar was up .33% to the US Dollar to .8706, up .2% to the Euro to 1.6746, up .4% versus the Japanese Yen to 78.45, up .11% to the Canadian Dollar to .9449 and up .09% to the New Zealand Dollar to 1.2181
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Aussie shines again as rate hike inches closer
Aussie shines again as rate hike inches closer
Untitled document AUD The Australian Dollar was mixed to higher on news from Reserve Bank of Australia Governor, Glenn Stevens, who said that the Australian interest rates will most probably be raised sooner than previously thought.
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Aussie shines again as rate hike inches closer
Bad consumer numbers spells trouble for Yen
Untitled document JPY The Japanese Yen fell in early trading on Tuesday after the island nation reported an unexpected fall, a record fall as well, in consumer prices. The news sent investors out of the Yen as it is now expected that interest rates will need to remain near 0% for a while longer
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Bad consumer numbers spells trouble for Yen
Livin’ La Vida Loca Down Under
Untitled document I have spent so much time talking about the US and Europe lately that I have almost neglected my favorite currency, the Aussie. So I will try to avoid ranking on Obama and Brown and Trichet while I put a plug in for the down under dollar and go back to my love relationship with the potential this currency has.
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Livin’ La Vida Loca Down Under
A lesson for us all, not to say I told you so
Untitled document I am beginning to believe that I have some psychic ability. In yesterdays post I spoke about the “spin” that the Americans and the press took on the Russian Finance Minister’s comments backing the dollar. And, as if he read the posting himself, Russian President Dmitry Medvedev agreed with me and sent shockwaves through the Forex world. Actually, what Mr
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A lesson for us all, not to say I told you so
