Markets

The US dollar is going nuts

And the greenback goes wild. The US dollar is rallying against all major currencies after US employment report blew expectations out of the water . Here’s a chart of the US dollar index, an indicator of how the greenback trades against a basket of currencies: Bam.
The US dollar is going nuts
Markets

AUSSIE DESTROYED ON HUGE US JOBS REPORT

The October US employment report has come in ahead of expectations, and the US dollar is rallying against other currencies as a result. The print of 271,000 jobs in October blew away the markets expectation of a solid rise of 180,000 and drove the US dollar higher across the board. […]
AUSSIE DESTROYED ON HUGE US JOBS REPORT
Markets

Why it’s dangerous to underestimate China

Even after a year of headlines about China’s economic slowdown, people can get a bit excitable about opportunities in the world’s second-largest economy. The economy is, after all, still growing at more than 6% (on official numbers) and this is helping to swell the ranks of the Chinese middle class. […]
Why it’s dangerous to underestimate China
Markets

What are you waiting for, Mr Stevens?

Last month, I discussed five reasons why the RBA ought to deliver more stimulus at the next Board meeting in November: Australia remains stuck in a wage recession, animal spirits in the corporate sector show little sign of revival, macro-prudential measures are curbing rapid growth in mortgage lending to investors, […]
What are you waiting for, Mr Stevens?