Australian election

Dollar Drops about 1%

May 23, 2022

The U.S. dollar opened this fourth week of May on a down note, falling 1.1% against the euro, 1.5% and 1.2% versus the New Zealand and Australian dollars, 0.9% relative to sterling, 0.5% against the loonie, 0.3% vis-a-vis the Japanese yen and Mexican peso, 0.8% versus the Turkish lira and 6.4% against the Russian ruble. […] More

Two Surprises

May 20, 2019

The new week is greeting investors with two unexpected developments, one political and the other economic. The right-of-center Liberal-National coalition government of Australia was headed for defeat in parliamentary elections according to previous opinion polls but instead defeated its Labour Party opponent. Scott Morrison will remain prime minister, and he campaigned on a promise of […] More