Tokyo reported terrible GDP numbers a few weeks back. The U.S. dollar was spurred by this report, moving 5 whole cents, from 93 and 1/2 to 98 and 3/4. But believe it or not, the news is still working magic in the market.
March 5th, 2009 | The Daily Reckoning | 1 comment | ContinuedAll Posts Tagged With: "Greenback"
AUD USD Parity Could Be Difficult to Reach
The Aussie is hostage to competing forces right now. On one hand, the endless rise of world commodities prices and the great fall of the US Dollar are good reasons to back the Australian currency. Indeed, Australian exporters can take full advantage of rising gold, metals and energy prices.
March 18th, 2008 | Dan Denning | 2 comments | Continued
