Australia

Australian PM Rudd is coming under stronger domestic pressure as the opposition to the resource tax gains momentum.  There have been press reports of a leadership challenge and a local report claims that a key bloc in the Rudd's Labor…

Last year Russia previously indicated it was thinking about adding Australian and Canadian dollars to its reserves.  More recently it said it was preparing to do just that.  At the end of last week, the ECB's Noyer opined that…

Must-read The Anatolian Tiger: How the West Is Losing Turkey - SPIEGEL ONLINE Video - Property market 'overheating' - Brisbane Times Euro investors eye local Australian property market The Usual Fare San Diego May Use…

Must-read Australian housing market 'a time bomb' | Herald Sun The Usual Fare How to Avoid a Double-Dip Global Recession - Project Syndicate Creating the Next Crisis - Project Syndicate Economist's View: "The Economics…

I was recently contacted by Adam Kritzer who is a lead editor on Forexblog which is arguably the best one stop resource for people interested in FX (trading) and the importance of foreign exchange in general. He asked me whether I would…

Highlights The US dollar is modestly lower against the major and emerging market currencies.  The key driver is really the absence of bad news and some position adjusting in the wake of stronger commodity and equity…

Australia The Reserve Bank of Australia met earlier today and as widely expected kept the official rate steady at 4.5%.  The tone of the statement was fairly neutral, as one might expect after 6 rates hikes since last October and…

On May 7th, the market covered some short euro exposure in anticipation of some sort of response by European officials.  As we know they came up with a large package of guarantees (not just for Greece) and loans, and the ECB provided…

Bubbles are important for the country because there is nothing more dangerous and damaging to an economy than a great asset bubble that breaks. And this is something the Fed never seems to get. … We looked back as far as we could, , 32…

‘On the Edge’ Banks Facing Writedowns After FDIC Loan Auctions – Bloomberg.com The next European country set for debt watch: France – The Globe and Mail FT.com – Edward Chancellor – How long has the lucky country got? Defaulted Loans…