The Reserve Bank of Australia Explains the Link Between the Currency and Interest Rates

(This is an excerpt from an article I originally published on Seeking Alpha on February 25, 2013. Click here to read the entire piece.) On February 22nd, Reserve Bank of Australia (RBA) Governor Glenn Stevens spoke with the Australian House of Representatives Standing Committee on Economics. {snip} In his opening statement, Stevens delivered a nice … Read more

A Stealth Rally for the Australian Dollar

(This is an excerpt from an article I originally published on Seeking Alpha on March 13, 2013. Click here to read the entire piece.) It took a record low on the GBP/USD currency pair [British pound (FXB) versus the Australian dollar (FXA)] for me to realize that the Australian dollar has been in “stealth rally” … Read more

Reserve Bank of Australia Holds Rates, Leaving Currency To Drift Lower

(This is an excerpt from an article I originally published on Seeking Alpha on March 4, 2013. Click here to read the entire piece.) In its latest statement on monetary policy, the Reserve Bank of Australia (RBA) said nothing new. The RBA left rates unchanged at 3% while at the same time making it clear … Read more

The Bank of England Stares Down A Conundrum On Inflation

(This is an excerpt from an article I originally published on Seeking Alpha on February 8, 2013. Click here to read the entire piece.) On February 7th, The Monetary Policy Committee (MPC) of the Bank of England (BoE) decided once again to peg interest rates at 0.5%. The projections and explanations for inflation most interested … Read more

With A Rate Decision Looming, Weakening Australian Dollar Sends Poor Signal for Stocks

This is an excerpt from an article I originally published on Seeking Alpha on February 1, 2013. Click here to read the entire piece.) While all eyes are trained on U.S. economic data this week, Australians are looking ahead to Monday, February 4th when the Reserve Bank of Australia (RBA) makes its next statement on … Read more