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Business / Canada

The RBA has no choice but to hike rates as US currency crown slips

1 min read Rewritten in plain language
Changed after publishing · 1 edit
  • the headline was changed: Waning trust in Trump's economy is about The RBA has no choice but to hit your mortgagehike rates as US currency crown slips

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  • While it first appeared on a 2-cent coin in 1864, it wasn't officially adopted until 1956, when Dwight D Eisenhower declared it the national motto.
  • Investors have begun to lose faith in the once almighty US dollar, and in the past few weeks, a coup has been launched against Washington.
  • Investors are dumping US dollar debt forcing American and global interest rates to their highest levels in decades.
  • The US Federal Reserve, led by the newly appointed Kevin Warsh has just delivered its first rate hike in more than three years.
  • A month ago, US 10-year government bonds carried a yield, or interest rate, of about 4.65 per cent.

5 sentences from our version of the report, chosen to cover it. Nothing here is written; every line is in the article below. How

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Figures, names and quoted words in the headline, looked for in the report itself — not in the summary above. One claim in this headline could be checked, so this is a narrow pass and not a thorough one. How this is checked

It is a phrase synonymous with American dominance, especially when it came to matters financial.

While it first appeared on a 2-cent coin in 1864, it wasn't officially adopted until 1956, when Dwight D Eisenhower declared it the national motto.

A hint of moral superiority, combined with equal parts economic and military power, the greenback and its position as the world's reserve currency have symbolised America's global hegemony since the end of World War II.

Investors have begun to lose faith in the once almighty US dollar, and in the past few weeks, a coup has been launched against Washington.

For the second time since Donald Trump's return to the White House, global bond markets are in outright revolt.

Investors are dumping US dollar debt forcing American and global interest rates to their highest levels in decades.

Alarmed by a national debt that has doubled since Trump first took office in 2016 and which has now expanded beyond $US40 trillion investors seeking safety are beginning to look elsewhere.

Trust in America, the foundation of US economic power, is fraying.

The US Federal Reserve, led by the newly appointed Kevin Warsh has just delivered its first rate hike in more than three years.

In order for America to continue funding its ever-increasing deficits, it must now offer much higher interest rates to attract global cash.

Because America is still the world's biggest economy.

A month ago, US 10-year government bonds carried a yield, or interest rate, of about 4.65 per cent.

Shortened to 1 minute of reading, this version reads 13.5 on the Niral Score.

You are reading our version, not theirs. This is ABC News's report shortened to its most important sentences, in plainer words, with verdicts and loaded words taken out. Plain description stays, and so do adjectives that carry a fact, such as "former" or "federal". The reporting, the facts and the quotations are theirs — quotations are never edited — and the indicators beside it measure this version. Hover or tap Adjectives to see every one left in the text.

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No other newsroom we read has filed on this event, so there is nothing to compare it with yet.

Outlet Niral ScoreAdjectivesSentimentHappiness
ABC Newsas they published this story 21.9 38 -0.3 40.4
Mundane Readneutralized from ABC News 14.8 33 -0.1 48.5

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