Today’s China-induced “risk-off” trade sent emerging markets currencies into a sharp decline. As discussed before Turkey and South Africa have been hit the hardest recently and today touched fresh all-time lows.
Some of the largest natural resource exporters with floating exchange rates have seen their currencies come under significant pressure over the past year.
I like Australia’s stock market right now. I think it provides you with a ton of upside potential.
Australia’s central bank left rates on hold yesterday as was generally expected. The RBA continues to be quite hawkish as well as relatively optimistic (perhaps too optimistic) on the nation’s economy. Given the “cash rate” is at historical lows at 2….
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The Australian dollar has declined considerably from the recent highs (touching a 6-week low). But given the China slowdown and weakening domestic fundamentals in Australia, it may have room to fall further. Clearly relative to the rest of the develope…
‘Remarkable’ Australian economy steams ahead (via AFP) Australia Wednesday hailed as “remarkable” the 1.3 percent growth in its mining-driven economy in the first three months…
The West AustralianAustralian Consumer Sentiment Index +0.8% In May Vs AprilNASDAQSYDNEY -(Dow Jones)- Interest rate cuts, a fall in the jobless rate and a federal budget that included cash payments for families have failed to improve the consumer mood…
Bloomberg UTVEuropean Equity Futures Retreat as Won Weakens; Copper AdvancesSan Francisco ChronicleMay 4 (Bloomberg) — European equity futures fell, Asian stocks slid the most in two weeks and South Korea's won slid as Australia's central bank…
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