Australian Dollar Surges

Posted by Drew Zimmerman

Share on Facebook

Tweet on Twitter

Australia’s central bank kept its cash rate at a record low of 2.5 percent on Tuesday but changed their tune by saying further cuts were not in the cards. The also dropped the reference to the currency being “uncomfortably high” that had been a weight on the Australian Dollar.

Australian dollar futures are up 1.5 cents this morning to 80.88.

Drew Zimmerman

Investment & Commodities/Futures Advisor

604-664-2842 – Direct

604 664 2900 – Main

604 664 2666 – Fax

800 810 7022 – Toll Free

dzimmerman@pifinancial.com

I know Mike is a very solid investor and respect his opinions very much. So if he says pay attention to this or that - I will.

~ Dale G.
I've started managing my own investments so view Michael's site as a one-stop shop from which to get information and perspectives.

~ Dave E.
Michael offers easy reading, honest, common sense information that anyone can use in a practical manner.

~ der_al.
A sane voice in a scrambled investment world.

~ Ed R.