Quick Australian Economy Update

Submitted by Marco on 4 May, 2006 - 19:32

If you ave been living under a rock, I would like to inform you that the Reserve Bank of Australia (RBA) has lifted the official cash interest rate by 25 basis points to 5.75 per cent. If you live in Australia basically the main stories this week are the poor men that are trapped in a gold mine in Tasmania and the impact of the Australian interest rates on the economy as well as the hip pocket of households. But the question lies - what is the impact for share traders? I'm a little busy this evening and tomorrow, but I promise I'll write a blog entry about the Australian interest rate rise.

I was also watching the Aussie dollar move on the announcement yesterday at 0930 hours local time (AEST). Sadly, I didn't put any cash on the positive movement, but all will be revealed when I will put out another ebook about that day. If you missed out on my first ebook about trading forex you can download it here.