Front and center this morning, I have to tell you that we've had a HUGE currency rally overnight, and the rally still has legs through the European session, for I saw the euro (EUR) inch higher as I booted up my computer! What's got the currencies, led by the Big Dog euro, so wound up this morning? Ahhh grasshopper… Come, sit, and let me tell you the story of an ancient warrior, no wait, let me tell you about the rally!
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Australian Dollar’s Run May Hit a Short-Term Snag
$3.2 billion. That's the record trade surplus Australia's Bureau of Statistics announced on August 3, thanks in part to Chinese demand for the country's rich iron ore and coal exports. And that's just the latest good news from the island continent that has speculators feeling bullish about the Australian dollar (AUD).
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