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RBA Edwards: "I want to see a lower dollar"
From the Australian Financial Review (gated) overnight: Dollar rise frustrates RBA board
Reserve Bank of Australia board member John Edwards speaking about the US Federal Reserve decision not to start to ‘taper’, which saw the Australian dollar to a three-month high:
“I want to see a lower dollar and it’s going to take us longer to get there – so it’s not great,” said Dr Edwar…
Reserve Bank of Australia board member John Edwards speaking about the US Federal Reserve decision not to start to ‘taper’, which saw the Australian dollar to a three-month high:
“I want to see a lower dollar and it’s going to take us longer to get there – so it’s not great,” said Dr Edwar…
The Future of Forex in 2013
I came across an interesting article on Yahoo Finance ” Forex Outlook for June“ and thought I would share my opinion with you. Generally, I think Forex is expected to be very volatile this year, because of drop of gold prices and slowdown of economy in China. Economic slowdown in China is mostly due to substantial decline in exports in response to recession in Europe and US, inflated property prices and generally inflation in China is on a rise. Also, China unsuccessfully tried to burst the bub…