For now, at least for this week, it sure does look like the appetite for risk is back. The U.S. dollar and Japanese Yen are weak, while commodity currencies like the Australian, New Zealand, and Canadian dollars are up. Bond prices are down, stocks are trending up, and even oil is creeping back over $50, looking to make a breakout.
May 6th, 2009 | Dan Denning | 5 comments | ContinuedAll Posts Tagged With: "Aussie economy"
RBA Confirms Aussie Economy Would Enter Recession
What’s changed? Well for one, rising layoffs are having an effect on the real economy. Today’s papers report that mortgage delinquencies are on the rise. Delinquencies on full-documentation loans are still relatively low. Just 1.75% of full-doc loans are more than thirty days past due, according to a story in the Sydney Morning Herald.
April 2nd, 2009 | Dan Denning | 1 comment | Continued