Yes, this guy says he has proof that America has shipped $800 Billion ‘Ameros’ - a new currency which is being formed between the USA, Canada and Mexico which will replace all of these countries currencies respectively - to the China Investment Bank. He states that China presently holds $2.5 Trillion worth of US Dollars thanks to the [...]

Quick Update, the AUD (AUDUSD) is back above 0.70 USD at time of writing – a 2 cent improvement given the latest market surge. Against the yen (AUDJPY), it gained more than 4%, to as high as 72.1 before settling around 71.5. Keep on rocking up, AUD.

The Pound [(GBPUSD) or (GBPAUD)] is back above 1.7200 USD level – after hitting a record five year low of 1.6779 USD – on the news that the UK Government is bailing out its three largest banks.  Main Currency Points: The Japanese Yen (USDJPY) is back above ‘stable’ levels of 100.00 The UK Bank Crisis [...]

Update: Since the market has opened the Aussie Dollar has gained slightly, but is still under the 0.70 mark. Not sure its going to push above that until the G20 leaders release a clearer decision. The Australian Dollar (AUDUSD) and the New Zealand Dollar (NZDUSD) continue to fall on the back of lower commodity prices [...]

The dollar is still trading very weekly compared to less than four months ago when it was almost at USD parity. The reasoning ? Mainly driven by the falling Japanese market and the trading of heding positions using interest rates. The overnight unemployment figures increasing from 4.1% to 4.3% did pretty much nothing to the currency [...]