US President Trump reserves his most scornful indignation for the traditional media and US allies, while seemingly praising authoritarian leaders abroad. Given the Administration’s domestic challenges, no wonder a cabinet official spoke wistfully about the lack of protests in Saudi Arabia. The latest target for Trump’s wrath seems to be Germany, where he and German …
This Great Graphic, from Bloomberg, shows the correlation between the price of iron ore and the Australian dollar on a rolling 60-day basis over the past year. The correlation is a little more than 0.81. The relationship is the tightest since last August. This is purely directional. The correlation weakens considerably if we …
Great Graphic: Iron Ore and the Australian Dollar Read More »
Projections showing that the UK Tories could lose their outright majority in Parliament in next week’s election spurred sterling sales, which snapped a two-day advance. Polls at the end of last week showed a sharp narrowing of the contest, and this saw sterling shed 1.3% last Thursday and Friday. It recouped about 0.35% in the …