Investors cannot get enough of AUD but Australian companies are rushing out to issue in Europe where it is cheaper. SGSP Australia to Sell EU500m 8Y Bonds, IPT MS +90bps Area (8Y 1.23%+0.90%… Continue reading
Australian stocks at at 3 1/2 week low and AUD/USD at a 6 month high. Mind warp ? Poor jobs data out on Wed failed to deter the currency from stampeding past 0.94… Continue reading
Lingo aplenty for us poor people at home. We have EM, DM, G3, G10, the Bigs and the Smalls. The “smalls” are a basket most connote with the Aussie dollar, Canadian Dollar, South… Continue reading
It is starting to play out ala Obama style. “PM Tony Abbott tries to pressure Opposition by threatening cancellation of Christmas break.” ~ Nine New Australia All because Australia wants to raise their… Continue reading
2 Main Developments in Australia last week No shutdown in Australia and the debt ceiling hike went as smooth as a whistle and Fitch affirmed their ratings. http://finance.yahoo.com/news/fitch-aussie-debt-ceiling-hike-080558388.html A cash injection of AUD… Continue reading
GBP/SGD (SPOT RATE 2.0079) – has been on a marathon since July and traded at a 1 year high of 2.0238 yesterday. – looks like it would gradually edge higher from here towards… Continue reading