Stuart McPhee

Australian private trader for more than 20 years, author, trading coach, licensed adviser and regular speaker at major trading events all around the world. Graduate of RMC Duntroon and former Australian Army Officer.

Australian Dollar Looks Lost as ASX 200 Continues to Struggle

Australian Dollar Looks Lost The Australian dollar continues to trade within a narrow range between 0.73 and 0.74 where it has mainly loitered for the last month, but interestingly it seemingly looks stuck in no man’s land. It doesn’t know where to turn next. It has depreciated significantly against the US dollar amongst other major …

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RBA Minutes: Lower Australian Dollar Aiding Economic Transition

Australia’s central bank said a weakening currency is assisting a transition away from mining investment, while adding that accommodative policy remains appropriate to support growth. “Economic activity had generally been more positive over recent months,” it said Tuesday in minutes of its Aug. 4 meeting when interest rates were left at a record-low 2 percent. …

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