archiveAustralian Dollar

The market regime switched to ‘risk off’ in late February and early March (especially in the US). Currencies were caught up in that, as the dollar rallied. In particular, among the G10 currencies, the US dollar was particularly strong against the CAD; AUD; & the NZD. By early March, therefore, those currencies had given back all their YTD gains, with the Aussie dollar briefly dipping below its 50 day moving average (FIG B). Since then the AUD has started to rally, and is attractive for 4 key reasons: 1. The...

shana espinoza/Shutterstock Suitcases of forged banknotes aren't just the stuff of heist movies and spy novels. Banks and governments around the globe are constantly working to prevent fraudsters from introducing fake cash into circulation – and some countries are more successful in their efforts than others. Nations typically use parts per million (ppm), a metric borrowed from chemistry, to monitor counterfeit currency. They give a score by measuring the number of fake banknotes found in circulation for every one million genuine notes. Most nations aim to stay below the 15 ppm mark, though quite a few have seen...