Posts Tagged ‘U.S. ethanol’

Notes From Underground: IF ALL THE DATA WAS POSITIVE, WHY WAS THE DOLLAR THE ODD MAN OUT?

February 1, 2011

Last night the RBA, as expected, left rates unchanged at 4.75 percent. The statement released after the meeting was deemed semiHAWKISH as the RBA noted the strength of India and China. The Australian central bank also opined that the massive Australian floods would result in pressure on wages as the rebuilding and repairing would bid away construction workers from the extremely buoyant mining sector. Some analysts had been bearish the AUSSIE DOLLAR based on lost productivity but GOVERNOR STEVENS ended that outlook.

(more…)