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
Dollar continues Friday’s rally as Ireland gets cut for a second time in three months
Untitled document USD Monday, the Dollar added to its gains from late last week as US government bond yields jumped in response to the stronger than expected jobs data. The Dollar was carried by traders' hopes on the prospects for a recovery in the US economy, reversing the risk appetite trend which saw the dollar being sold for better yielding currencies. The rate at which America shed jobs slowed sharply in May and was the most convincing sign yet that the economy might be beginning to turn around even as the unemployment rate hit its highest in nearly 26 years
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Dollar continues Friday’s rally as Ireland gets cut for a second time in three months
