The Australian Dollar went through a considerable bout of weakness recently. Most of the fundamental data, or at least its interpretation by market participants, suggests additional rate cuts by the Reserve Bank of Australia later in the year. Some even speculate that multiple rate cuts (0.50-0.75%) are already “priced in”, although this statement amounts to [...]

With Greek situation normalized (for now), markets are shifting attention to Spain. For a while, it looked like this country was trying to target a 5.8% deficit in 2012, rather than the 4.4% it had promised the EU. Under pressure from Union officials, Madrid eventually agreed to 5.3% for the year. Still, this is way [...]

After policy meetings from five central banks last week, we have three more in coming days – the FED, the Bank of Japan and the Swiss National Bank. Neither one of them is expected to change their respective interest rates, do markets will focus on easing policies. After recent remarks from Ben Bernanke, it is [...]