AUD Rising while most Asian Currencies Weaken After FOMC Minutes
AUD/USD is likely to continue rallying from near 0.7200 currently to 0.7800 over the next year, CBA says. The pair is already around its highest levels since early 2019. The risk over the medium term is higher commodity prices as China ramps up commodity-heavy infrastructure spending, with iron-ore prices likely to remain above US$100/ton for the […]
The Mobile App Robinhood Is Shaking Up the Stocks Trading Industry
As millions of new traders sign up for the investment app Robinhood, the company is facing scrutiny for enabling some inexperienced users to make risky bets. WSJ spoke with a financial education professional and two Robinhood traders about how the app is shaking up the brokerage industry. Robinhood’s claim to fame is that they do […]
FOMC Ahead: 3 Things to Watch at This Week’s Fed Meeting
Seven weeks ago, America’s monetary-policy makers were optimistic about the economy’s potential to make a complete and rapid recovery. They probably aren’t as sanguine now. The Federal Reserve’s Open Market Committee is meeting for the first time since the resurgence of the coronavirus across large swaths of the U.S. that began in mid-June. Since then, […]
AUD/USD Rally as FOMC likely dovish, Cheap money coming for US Economy
The US dollar weakens on expectations the Fed will keep the cheap money coming to support the US economy. The WSJ Dollar Index falls 0.6% to levels not seen since mid 2019, and US currency weakens 0.8% against the euro and 0.5% against the yen. “The combination of falling real rates and rising risk assets […]