The Australian dollar has started the week with slight gains. In Monday's European session, AUD/USD is trading at 0.6464, up 0.21%.
The Reserve Bank of Australia is expected to hold interest rates at 4.10% when it meets on Tuesday and a rate hike would be a huge surprise. The central bank has paused for two straight meetings and the odds of a third pause stand at...
The Australian dollar started the week by dropping 50 basis points but has recovered most of these losses. In the European session, AUD/USD is trading at 0.6488, down 0.12%.
It has been a rough ride lately for the Australian dollar. The currency fell 1.17% against the US dollar last week and has plunged 3.39% in the month of August.
Australia's inflation rate...
The Canadian dollar is showing limited movement on Friday. In the North American session, USD/CAD is trading at 1.3360, up 0.06%. Canadian and US job numbers were soft today, but the Canadian dollar's reaction has been muted.
After a stellar job report in June, the July numbers were dreadful. Canada's economy shed 6,400 jobs in July, compared to a 59, 900 gain in...
The Japanese yen is trading at 1.36.83 in the European session, down 0.52%. USD/JPY fell 0.90% on Thursday but has recovered much of those losses today.
Bank of Japan Governor Kuroda didn't fire any final shots at his final meeting today. The BoJ maintained interest rates at -0.1%, where they have been pegged since 2016, and didn't make any changes to its to...
The New Zealand dollar has edged lower on Tuesday. In the North American session, NZD/USD is trading at 0.6462, down 0.10%.
New Zealand releases the Q4 employment report later today. Unemployment is expected to tick lower to 3.2%, following a 3.3% reading in the third quarter. This would mark the lowest unemployment rate in over four decades. Employment change is...
Caveat - both negative and positive effects of presidencies tend to carry well beyond their terms, we tend to forget this when judging performance.
Link to related idea below - measuring stock market growth per term.
This chart shows the ramification of ending the gold standard. In short, we have been screwed. The coincidence is that they decoupled the dollar from gold when all 3 had a 1:1:1 Ratio... In other words, gold, Real Output and Wages increased by 100% since 1947-ish.. This should paint a good picture for many.
