With the global economic downturn in full swing, one of the burning questions on everyone’s minds is who will be the first central bank to take interest rates to zero and how close will everyone else get?
We are in a global easing cycle and the varying aggressiveness of central banks around the world means [...]

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For the third time, the Reserve Bank of Australia has intervened to support its currency which has dropped to a 5 year low against the US dollar.
Over the past month, the AUD/USD has fallen 25 percent against the greenback and 35 percent against the Japanese Yen.
As much as we applaud RBA Governor [...]

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After the sharp volatility in the currency and equity markets during the Asian and European trading sessions, the US session was relatively quiet up until the last 10 minutes of trading. For most of the US session, stocks oscillated between positive and negative territory, giving traders hope that we may be finally seeing some [...]

Posted in Australian Dollar, ECB, Fed Rate Cut, Federal Reserve, Forex News, Japanese Yen, US Dollar, US Economy, euro, reserve bank of australia intervention No Comments »