Articles by Currency War

  • Should Australia Join the Currency War?

    November 20 2013 1:13 PM

    As the melt-up in global asset markets continues, today we ask the question: Are central bankers' egotistic hooligans blinded by their own intellectual arrogance? You can probably guess the answer to that one.

  • One Way to Protect Yourself from a Falling Australian Dollar

    May 14 2013 4:23 PM

    Will the state of federal finances have any effect on the battling Australian dollar? A Friday article by Fed mouthpiece John Hilsenrath in the Wall Street Journal floated the idea that the Fed is looking for ways to wind down its $85 billion per month in QE in a way that doesn’t crash stocks or disrupt order in the financial markets.

  • The Great Game of Interest Rates and Inflation

    May 10 2013 9:33 AM

    It's taken a while, but the RBA has joined the international currency war by cutting official interest rates to an all-time low. We're not sure whether it will have the desired effect or not. Chances are we'll need further interest rate cuts to really see the dollar fall to a point where it starts to relieve pressure on various dollar sensitive industries.

  • Australian Dollar Outlook - 08 May 2013

    May 08 2013 11:42 AM

    Bell FX Currency Outlook: The Australian Dollar has opened lower this morning again following yesterday's decision by the Reserve Bank of Australia to reduce interest rates by 0.25% to 2.75%.

  • China’s Credit Boom Krakatoa

    April 15 2013 10:12 AM

    Ahh, St Kilda, we're going to miss you. From Monday, Daily Reckoning headquarters moves to salubrious Middle Park. It's a slight shift from the grunge and grime of Fitzroy Street.

  • Will Japan Provoke the Chinese Dragon?

    April 10 2013 10:23 AM

    They don't make them like they used to. Margaret Thatcher died yesterday aged 87. As Prime Minister of Britain from 1979 to 1990 she transformed the British economy and reasserted her country as a major global power. She did this by loosening the State's grip on the British economy, which by the time she took power had degenerated into the 'Winter of Discontent'.

  • Australian Dollar Outlook - 26 March 2013

    March 26 2013 10:37 AM

    Bell FX, CMC Markets Currency Outlook: The Australian Dollar was well bid in overnight trading, particularly against the EUR, as initial optimism over the Cyprus bank bailout plan gave way to concerns about what it could mean for other European economies. Nonetheless, this does not remove the cautious stance of most investors leading into the Easter holiday.

  • Currency Markets: Australian, USD Outlook - 15 March 2013

    March 15 2013 11:39 AM

    Bell FX, IG Markets Currency Outlook: The Australian Dollar remains in positive territory after the global financial markets welcomed Australia's better than expected employment data yesterday.

  • Global Markets Overview - 13 February 2013

    February 13 2013 11:10 AM

    Blue chips approached five-year highs Tuesday amid upbeat earnings reports and a rally in financial shares. The Dow Jones Industrial Average added 62 points, or 0.5%, to 14034 in mid-afternoon trading, putting the benchmark on pace for its highest close since October 2007.

  • Japan’s Spring Offensive Against the Yen

    February 08 2013 2:46 PM

    All this week we've been on a mission for you, dear reader. We've been looking for the one sector or industry that's going to drive the Australian share market higher with breakthrough earnings and profits. But maybe we've been looking in the wrong place. Maybe it's a simple as Japan.

  • Apple’s Half-and-Half Glass

    January 29 2013 12:41 PM

    It's morning in the world again. Yes, the sunshine beat down upon Southbank this morning. Your editor was out for a stroll after an early morning breakfast with some visiting colleagues. The armies of marching (and cycling) workers betrayed no sign of citizens under siege during a great war.

  • The Bank of Japan Fires a Pop-Gun

    January 26 2013 2:24 PM

    And there's only one currency that's not involved in the escalating currency wars. That currency is gold. So why is it continuing to lounge around, pretending that nothing is happening? We have a few ideas on that, but first let's look at the latest happenings in the currency war saga.

  • Australia’s Housing Market Looking Not So Perky

    January 04 2013 9:48 AM

    The RBA's interest rate cuts don't seem to be working. It's a bit player in the global currency war, and Australia's economy will suffer the consequences. Manufacturing's woes are well known. But the RBA's move to ultra-low interest rates was supposed to perk up Australian house prices, and therefore the housing market.

  • Smash and Grab

    September 19 2012 12:42 PM

    Maybe we're making this whole investment caper too complicated. You can analyse interest rates and currencies. You can talk about sound money and fair value. And you can look at technical trends and fundamental factors. But in the end, maybe we should just all buy Apple stock and quit while we're ahead.

  • What is Foreign Exchange (Forex)?

    February 11 2011 5:01 AM

    What is Foreign Exchange all about? Most people would have in some way participated in the FX market by either travelling or making an overseas purchase. But it's more than currency conversion.

  • IMF downplays global currency war risk

    September 29 2010 9:48 PM

    The International Monetary Fund has downplayed the impact of global currency war among countries, but admitted it is possible to occur.