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Australian dollar sank

Good Morning, German manufacturing expanded at the slowest pace in 15 months in September as new orders fell, signalling uneven momentum in Europe’s largest economy. The data adds to the uncertainty facing the German economy. While gross domestic product unexpectedly contracted in the second quarter, the Bundesbank said yesterday that positive July data had dispelled…

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FOMC Meeting – not what was expected

TYhe FOMC meeting last night was a great success for the US Dollar exchange rate and horrible for everything else! The US dollar rate rallied the most in six months after Yellen suggested that the US will taper the asset buying program and that interest rates will have to rise in the coming months. “sufficient…

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