Tag: Reserve Bank of Australia

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Will the AUD/USD keep falling through end of the week? Can Biden influence Albanese’s visit to China?

AUD/USD=0.63201 There is more to Australia than the Australian Open, which I look forward to each year because it signals the beginning of the tennis season ( For my fellow tennis-heads, the dates are 14 January to 28 January 2024). Prior to the tennis hardcourt play down under is the political hardcourt play in the … Continue reading Will the AUD/USD keep falling through end of the week? Can Biden influence Albanese’s visit to China?

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A quiet Monday morning before the Federal Open Market Committee meeting …

I sit in the group that sees a 19.6% chance that the FOMC increases the fed funds target range by 25 basis points to a range of 5.25% to 5.50%. For the asset-less, wage earning class, we may benefit from rate increases due to greater returns on the cash we accumulate. Also, for those of us who were able to hoard cash, falling asset prices may give us a chance to accumulate other income generating assets or purchase non-income generating assets and convert them into money makers. Continue reading A quiet Monday morning before the Federal Open Market Committee meeting …