Research shows the currencies of the major copper producing nations reflect copper prices and this offers FX market opportunities.
Korea has indicated its intention to significantly increase its gold reserves as India joins the dollar-diversification drive.
Wall Street fell back into defensive mode last night in a delayed reaction to last week’s jobs report. In a day of switching, Dow up 44.
China has taken the first step towards allowing foreign cross-border flows of its currency. A first step towards a new global reserve currency?
A shock unemployment number sent Wall Street tumbling ahead of the holiday. Dow down 220.
Commonwealth Bank has updated its views on the economic outlook for 2010, seeing Australia as a solid relative performer and the Aussie dollar as a beneficiary.
Healthy economic data allowed Wall Street to open the quarter on a positive note. Dow up 57. (Locked for subscribers until 10:00 AEST)
Wall Street closed a strong quarter on a weak note. Dow down 80.
Weak economic data leads TD Securities to suggest the Reserve Bank of New Zealand will again cut interest rates, a move it expects will see the currency fall by 5-10%.
Wall Street traded higher last night on very light volume. Dow up 90.