USD Slammed to New Lows as US Protectionism Gains Steam

Talking Points: – Comments by US President Trump’s Commerce and Treasury Secretaries have the US Dollar at its lowest level since December 22, 2014. – Protectionism is generally bad for economies, and can lead to a litany of problems – domestic and foreign – beyond economics. – Retail trader sentiment continues to point to a […]

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Aussie Dollar Gains as RBA’s Lowe Says Rates Can’t Be Low Forever

Talking Points: The RBA Governor reiterated that record–low rates won’t be around forever, even if they don’t rise soon The market has heard similar things before and didn’t move far Household debt levels continue to worry the RBA Track traders’ sentiment towards the Aussie Dollar and all the Asia/Pacific majors here. The Australian Dollar was […]

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Euro Gains On Monte Paschi State-Rescue Plan

Talking Points The single currency picked up in Asia on news that the Italian cabinet was debating a rescue for Monte dei Paschi DeSiena The tottering lender said this week that it had failed to secure sufficient private capital to carry on A state lifeline has been the only viable option since The Euro got […]