{"id":56456,"date":"2009-12-01T00:26:00","date_gmt":"2009-12-01T05:26:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/australia-fires-up-the-aussie-dollar-with-yet-another-rate-hike-2009-12"},"modified":"2009-12-01T00:26:00","modified_gmt":"2009-12-01T05:26:00","slug":"aussie-dollar-fired-up-with-a-rate-hike-to-3-75","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/56456","title":{"rendered":"Aussie Dollar Fired Up With A Rate Hike To 3.75%"},"content":{"rendered":"<p>The Aussie dollar has bounced back from the Dubai Debacle (whereby the U.S. dollar strengthened on financial crisis fears) last Friday.<\/p>\n<p>It&#8217;ll no doubt be further helped by news that Australia has hiked interest rates yet again, to 3.75%. This marks the third hike in Australia&#8217;s latest rising interest rate cycle.<\/p>\n<p>This third interest rate hike stands in stark contrast to most developed nations who are too scared to tighten ultra-loose monetary policy. Why is the economy so much better down under? <a href=\"http:\/\/www.businessinsider.com\/australia-bubble-2009-11#australia-blew-the-world-away-in-2009-1\">See it here.<\/a><\/p>\n<p>Australia&#8217;s latest move is the right thing to do given the relatively strong economy, and it appears to have been expected.<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=aaqSnPJFlLpA&amp;pos=2\">Bloomberg:<\/a> Investors bet there was a 76 percent chance that Stevens would increase the benchmark rate by a quarter-point today, according to Bloomberg calculations based on interbank futures on the Sydney Futures Exchange at 11:51 a.m.<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/~~\/f?id=4b14a4560000000000b66164\" border=\"0\" alt=\"AUD\" \/><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/australia-fires-up-the-aussie-dollar-with-yet-another-rate-hike-2009-12#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/australia-hikes-interest-rates-yet-again-2009-11\">Australia Hikes Interest Rates Yet Again<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/shock-rate-hike-in-australia-2009-10\">Shock Rate Hike In Australia<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/australia-bubble-2009-11\">Why Investors Are Going Crazy For Australia<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/OjRbHSSvpSM\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Aussie dollar has bounced back from the Dubai Debacle (whereby the U.S. dollar strengthened on financial crisis fears) last Friday. It&#8217;ll no doubt be further helped by news that Australia has hiked interest rates yet again, to 3.75%. This marks the third hike in Australia&#8217;s latest rising interest rate cycle. This third interest rate [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-56456","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/56456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=56456"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/56456\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=56456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=56456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=56456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}