Australia Cuts Rate by Most Since 1992; Asian Stocks Rebound

[dtrader98]

http://www.bloomberg.com/apps/news?pid=20601087&sid=aTS7Mz0crKx8&refer=worldwide


"There's some talk around that there could be a coordinated global interest-rate cut tonight and that the Reserve Bank of Australia is preempting that"

 

[forex-forex]

Quote from dtrader98:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aTS7Mz0crKx8&refer=worldwide


"There's some talk around that there could be a coordinated global interest-rate cut tonight and that the Reserve Bank of Australia is preempting that"

My guess at least 100 basis points in the USA, or more.

 

[dont]

Its a good thing there are no shorts anymore.

I was thinking they should just ban selling all together.

 

[MattF]

panic to just go ahead, or test dummy to see reaction...

 

[makloda]

I think at the worst point I saw the AUD down 10%. Insane. Probably a good idea to cut rates to make it less appealing to carry trade housewifes who blow up with 50x leverage and then drive down AUD in margin calls.