The Australian dollar continues to swing sharply this week. AUD/USD is trading at 0.6641 in the North American session, down 0.71% on the day. The downswing has wiped out the Aussie’s gains of 0.55% on Monday.
Australia posted weak data earlier today, which has weighed on the Australian dollar. Corporate profits declined 2.5% q/q in the first quarter after...
This chart here shows Personal income, PCE, Corporate profits and Consumer credit securitized and outstanding. Here is your wealth gap. The urge for MOAR profit will be our undoing In my humble opinion.