Beware of robber banks (RB), bad advisors.
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Why the Australian dollar is the big loser in U.S.-China trade spat
As the U.S. and China, the world’s two largest economies, continue their back and forth tariff spat one currency has borne the brunt of the deteriorating relationship between President Donald Trump and his Chinese counterpart Xi Jinping. Long considered a proxy for the health of the Chinese economy, Australia has, for the most part, flourished over the past decade. However, fears of global protectionism on the rise, the commodity-dependent currency has suffered. On Friday, the Aussie AUDUSD, -0.4662% hit a two-and-a-half year low against the U.S. dollar, trading at $0.7045. September marked its sixth losing month ... (full story)
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Beware of robber banks (RB), bad advisors.
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