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
Read more:
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
Excerpt from:
Bad consumer numbers spells trouble for Yen
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
Originally posted here:
A lesson for us all, not to say I told you so
Dollar gains, then loses again – Sterling takes a hit
Untitled document USD The Dollar fell on Tuesday once again after posting some gains earlier in the session on what seemed to be a continuance of the return of traders’ appetite for risk in the face of confidence that the economy is rebounding. This sentiment was reinforced after April Pending Home Sale numbers showed its largest rise in close to eight years.
See the original post here:
Dollar gains, then loses again – Sterling takes a hit
China gets a stake in GM – The dawn of a new era
Untitled document Tuesday saw a major help to British bank Barclay’s during the heart of the credit crunch bailout of their investment. Abu Dhabi, which purchased 11% of Barclay’s shares late last year just unloaded it all for 2.5 Billion Dollars, a move that caused shivers down the spines of Sterling investors who thought that the banking issues were over.
Excerpt from:
China gets a stake in GM – The dawn of a new era
