The US FED was confident of keeping the interest rates low for a long time to come, but their plans have been shattered by the sudden unexpected interest rate hike by the Australian central banker yesterday.
The US cannot afford to keep interest rates low when others are hiking it, because that would result in more [...]
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The Australian central bank surprised most of the global analysts today, by announcing an increase in the bank interest rate. The 25 basis point increase has also been considered as only the beginning of the many bouts of interest rate hikes planned by the central bank in the coming months.
The news sent the US dollar [...]
