This Currency Just Hit 0.6550 - Here's What Smart Traders Are Doing Instead

The Australian dollar is having the kind of month that makes you wonder if it accidentally insulted the U.S. dollar's mother. At 0.6550 against the greenback, the AUD is sitting lower than a limbo bar at a banking convention, and tomorrow's Reserve Bank of Australia meeting isn't likely to help matters.

When Central Banks Play Limbo: How Low Can Rates Go?

The RBA is expected to slash its cash rate by 25 basis points to 3.6% tomorrow, marking another chapter in what economists are calling "the great Australian rate cutting adventure." This isn't a one-off move either - the market is prici...