Australia's Central Bank has raised interest rates for the 2nd time in a month. The rate is now at 3.50%, the highest of the industrialized countries:
The ETF that tracks the Australian dollar is FXA:
We track all currency ETFs here.
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Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.
Australia's Central Bank has raised interest rates for the 2nd time in a month. The rate is now at 3.50%, the highest of the industrialized countries:
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