May 03

Aussie Dollar Crashes Through Key Support After “Surprise” Rate Cut:

As a major leg of many carry trades, the collapse of the Aussie Dollar in the last week has sent ripples through many risk-on positions. Following last week’s plunge in inflation to record lows, one would have assumed that expectations for a ‘stimulating’ rate-cut were baked in to some extent (as AUD plunged then), but this morning’s surprise RBA move has sparked another leg down in the commodity currency, breaking below a crucial uptrend off the January lows as the commodity currency decouples from exuberance in Chinese metals…

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Tags: , ,

One Response to “Aussie Dollar Crashes Through Key Support After “Surprise” Rate Cut”

  1. kevin a Says:

    Record high real estate prices average about $700,000 Melbourne & Sydney.
    Plunge in inflation?

Leave a Reply