Thursday 20 June 2013

The Australian dollar


An "improving' US economy....mmmm?

The Australian Dollar Gets Taken To The Blender

19 June, 2013


Brutal day for the Australian dollar.

First it dived after the Fed's hawkish press conference.
Then just now it's falling after that bad Chinese Flash PMI.

Screen Shot 2013 06 19 at 9.49.08 PM
This is the perfect storm: Weakening demand for commodities from China, and a strengthening US dollar thanks to an improving US economy and monetary tightening.



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