Mr. K
-
USD drifts lower; AUD holding despite more Stevens’ warnings
The USD has been drifting lower through the night, the broad-based Bloomberg dollar spot index down by 0.24% over the past 24 hours. This came on the back of a rebound in the German ZEW Survey in November but also better than expected US inflation and housing reports and more dovish (and well-known) talk from the Fed’s Kocherlakota warning not to raise rates in 2015 due to low inflation. The AUD had a mini selling episode as RBA Governor Stevens spoke last night, noting in his address his familiar refrain that further declines in the AUD would be helpful to re-balance the economy. He hammered the point home in the ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Nov 19, 2014 12:03am Nov 19, 2014 12:03am
- cash-money
- | Joined Nov 2014 | Status: Fast Pips 4x | 10 Comments
- Comment #2
- Quote
- Nov 19, 2014 12:19am Nov 19, 2014 12:19am
- yakuzaking
- | Joined Jan 2011 | Status: Who let the dogs out (woof, woof | 28 Comments
- Comment #3
- Quote
- Nov 19, 2014 12:48am Nov 19, 2014 12:48am
- Guest
- | IP XX.XXX.236.82