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The disappearing Australian dollar: The aussie (FXA) slides another 0.8% to a 3-year low of...

The disappearing Australian dollar: The aussie (FXA) slides another 0.8% to a 3-year low of $0.9214. This currency's one-way move since early April - now off 14 handles - may be more impressive than the yen's 2013 dive. The ASX 200 (EWA) takes no comfort, falling 2.1% overnight. The greenback continues higher against all currencies following Bernanke signaling the end of QE. UUP +0.8%, UDN -0.8% premarket. For leverage fans, there's UUPT, UDNT.
Comments (3)
  • The_Hammer
    , contributor
    Comments (3810) | Send Message
     
    Ending QE? Not on his watch or Janets. The bernanke has accomplished a few things he wanted except the spiking interest rates which would undue all his scheme.
    20 Jun 2013, 07:53 AM Reply Like
  • jumpnjoey77
    , contributor
    Comments (468) | Send Message
     
    Aussie housing and consumer debt bubble is huge.
    20 Jun 2013, 08:17 AM Reply Like
  • The_Hammer
    , contributor
    Comments (3810) | Send Message
     
    debt insanity and money printing has become a global phenomenon.
    20 Jun 2013, 09:32 AM Reply Like
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