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New Year Optimism Retreats on US/Iran Tension

The threat of a proxy war between the US and Iran in Iraq has pared back some of the recent gains of “risk-on” currencies.

Last update: 8 Jan, 2020

AUD/GBP Between a Rock and a Hard Place – USD Strength

AUD/GBP versus AUD/USD and GBP/USD

Both the Australian dollar and British pound sterling have had a hard time of late caught between the rock of the China/US trade war and the Brexit hard place.

Last update: 7 Jan, 2020

Facebook’s Libra Is Not the Game Changer That’s Being Promised

Enthusiasts would have us believe that Facebook’s own digital currency, Libra, will instantly revolutionize the remittance industry upon its release in 2020 — except it won’t. A harsher reality awaits, with conversion costs, capital gains taxes and a lack of Libra-priced goods all likely to limit its appeal.

Last update: 7 Jan, 2020

Australia Cuts Interest Rates to Record Low

RBA Australian dollar AUD currency news and forecasts

The RBA has cut Australian interest rates to a record low of 1 percent in an effort to boost inflation. The Australian dollar is slightly stronger following the widely expected decision but is expected to lose 5–7 percent of its value before year-end.

Last update: 7 Jan, 2020

BER-News: Bitcoin below $US10K mark (again)

Among the world’s ten most actively traded currencies, it was the Chinese yuan that was leading the pack approaching the end of the Asian business week.   Last week: majors all down   Aussie dollar (AUD) was down last week, retreating from US0.80 cents, on Australia’s disappointing rise in private sector wages, their massive contraction […]

Last update: 5 Jun, 2018

BER-News: Cryptos hung onto recent gains.

Last week’s much-improved US inflation data had the desired effect on US rate expectations which have adjusted to indicate a 100% probability of the Federal Reserve raising interest rates in March. Ordinarily, such a revision to expectations would fuel a transfer of hot money into US dollars, yet dollar traders continue to chart their own […]

Last update: 5 Jun, 2018

BER-News: Global equity losses – flight to USD safety

Hi there, during a week which saw global equity markets suffer their largest losses in two years and broader market volatility pick up, foreign exchange markets were surprisingly calm.   A flight to safety benefitted the US dollar, which finished higher against a basket of currencies for the second consecutive week; and the Japanese yen, […]

Last update: 5 Jun, 2018

Sterling initially happy with budget, Turkish Lira at record lows

Hi, Sterling was initially happy but has fallen against the Euro and US Dollar today following yesterday’s Autumn budget announcement, which has given UK economists plenty to talk about. UBS predicted the British Pound to fall closer to parity vs the Euro. The Euro has advanced against most of its peers in the last few […]

Last update: 11 May, 2019

Good spirits in the currency markets + Fed holds off hiking rates

Hi there, ahead of some major announcements investors were in surprisingly good spirits yesterday, indicated by a stronger New Zealand dollar, South Korean won, rupee and a faltering yen. Sterling is subdued against the majority of its peers this morning as investors are reluctant to move ahead of the Bank of England (BoE) rate decision […]

Last update: 11 May, 2019

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