SCOREBOARD: Dollar doozy

Wall Street slid as the US dollar rebounded and hit currencies around the world, including the Australian dollar.

When I first looked at the price action last night and saw the Australian dollar down 2 cents since yesterday afternoon, I thought okay, here we go – some fat finger error, 'leaked’ central bank communication out of Wayne Swan’s office, or just something dodge. But it soon became clear that the price action wasn’t a dollar story at all. The euro was down 150 basis points, the British pound was down more than 130 basis points and the Japanese yen shot up from about 98 to 100.

This was more a US dollar rebound story.



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles