LYC lynas rare earths limited

Bank rates and AUS

  1. 8,494 Posts.
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    AUS a few weeks ago you tried proving me wrong by using the BOJ rates as a sign of stability which was strange since BOJ has held rates near Zero for about 30 years.

    Now US Rates have tanked the opisit of what I expected. and this week China dropped rates almost 6% trying to stimulate a falling economy. Both of these would prove me very wrong and I admit it. Yet after your BOJ fiasco not a word from you. I do not mind being wrong people that have oppinions and do things offten are. It just amazes me after using BOJ to show me up, you did not mention this. I guess you do not realy understand Forex or watch it. Incedently AUD USD fell to a multi year low of .70 today
    actually 0.6997 down 1.306% Do you have any words on what this means to AU and Lynas. It is very strange because AU central bank rate is higher than US which means AUD/ USD should be going up not down. Could you explain?
 
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