AUD stays predictable, FED and ECB cannot promise the same

Posted on 2017-03-07 16:59   Tags: FED   ECB   USD   EUR   AUD  

 As expected, Governor Lowe reaffirmed that the interest rate for the Australian Dollar will remain at 1.5% for now. The cited reasons are the promising economic outlook with low inflation, but still sluggish employment rate. Consumer and business confidence have grown with exports being high and mining investments picking up again. The labor and housing markets were the only concerns at the meeting.

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The global situation and the Year's End

Posted on 2016-12-29 15:06   Tags: FED   USD   Brexit   Pound   Jobs   Trade   EUR  

The US Dollar has still shown a significant improvement in its price, although it has declined in the past two weeks and the US existing Home sales fell due to high mortgage rates. However, the crude oil jumped to $54 and has now made its way to its highest peak in the past 17 months all the while the Asian stock markets remained calm. The Wall Street stocks likewise dropped with the rise in US Dollar prices.

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