Most currency pairs consolidated within new trading ranges and many of them fell against the U.S. dollar as the global slowdown intensifies. Commodities prices bounced as the credit crisis renewed investors’ risk aversion.
The RBA’s August minutes confirm a probable rate cut of 25bps to 50bps at their next meeting on 2 September. The Westpac-MI June […]

Read More

The inflation debate and decoupling theory were quietly shelved as global growth fears resumed centre stage. Commodities prices continued to fall and currency pairs left trading ranges established months ago as the forex trading market reset relative values.
As expected, the RBA left interest rates on hold at 7.25%; however, the Governor’s statement was much more […]

Read More