Currencies had an interesting opening to trading week. Kiwi moved sharply against all major currencies. It seems to be a beneficiary of the latest G-20 meeting, which covered more of in The Tobin tax post. While the representatives of participating governments were discussing “exit strategy” for emergency measures implemented by their respective central banks, they also [...]

The dreaded “Tobin tax” came up during yet another G-20 meeting took place over the weekend, this time in Scotland. Seems like every other week “G”-something has a summit here and there, always discussing the same few topics. Current subject of choice appears to be the so called exit strategy, which is a plan of [...]

Reserve Bank of Australia has raised interest rates for the second time during its policy meeting today. Benchmark rate was hiked to 3.5% from 3.25%. No surprise of any kind, this move has been widely anticipated. This makes the Australian Dollar to be the highest interest bearing currency among the established economies. Differences between AUD and [...]