Category: Currency Currents

Think about a Rethink

Not so fast ... hold on a second ... on the other hand ... in hindsight ... although ... looking back ... but considering the fact ... in light of ...

Yeah, rethink just sounds a whole lot better. And I bet there are a few out there who’d agree. Let’s look at the central banks.

The Reserve Bank of Australia earlier today had a rethink moment. Markets expected they’d hike interest rates by at least 25 basis points. Ooooh, yeeeaaahh – I’m just not so sure about that right now. The RBA decided to hold off, making no change to rates.

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