After a series of European banks addressing monetary policy, Denmark and the Reserve
bank of Australia have joined the band wagon on slashing rates to its current
level @2.25%. This move is more for banks to meet a balancing act among the
rest of its peers worldwide. No one has really admitted a currency war but the
fact is that it does exist and makes its presence known particularly in the
financial markets.
bank of Australia have joined the band wagon on slashing rates to its current
level @2.25%. This move is more for banks to meet a balancing act among the
rest of its peers worldwide. No one has really admitted a currency war but the
fact is that it does exist and makes its presence known particularly in the
financial markets.
Even with market conditions such as this; having to pay banks for keeping European
deposits especially with interest rates at negative territory is not as
encouraging as it used to be for main street investors. The Aussie carry trades
has changed it tone while it is still beneficial to trade contrary to the Yen has
not been as lucrative like before. A substantial trade amount of volume would
be likened, except that the trading ranges have likewise been narrowing for
quite sometime now.
deposits especially with interest rates at negative territory is not as
encouraging as it used to be for main street investors. The Aussie carry trades
has changed it tone while it is still beneficial to trade contrary to the Yen has
not been as lucrative like before. A substantial trade amount of volume would
be likened, except that the trading ranges have likewise been narrowing for
quite sometime now.
CCY Corner - AUD
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