Good news out of Australia, and a nice job by Bloomberg comparing the rate situation between Australia and the US. Bottom line is the US is basically already in a recession and rates here are coming lower - Australia is still hot and rates are going higher. That is bullish for the Aussie dollar.
By my count, this is the highest the Aussie's been since late November, marking an entry point for me.
I'm glad to be back with the Aussie dollar, though the weight of the carry trade continues to hang on what should be a bright future. I expect the Aussie to begin a climb towards parity with the US dollar, but it sure won't be a smooth ride.
Thursday, January 10, 2008
Most Popular Articles This Month
Nice simple breakdown of 3 of our favorite softs - coffee, cocoa, and sugar - by the folks at Money Morning. I did not realize the coffee ...
The markets presented quite the twist on Thursday, when the much anticipated relief rally got whacked in the face. Despite the hysterics an...
Last May we covered a Financial Sense Newshour interview with Kirk Sorensen, founder of Flibe Energy - he made the case for little-known ele...