The tech world is buzzing this week about rumors that Apple may be looking to enter the car market. The rumors began when an Apple employee contacted journalists, saying that Apple is working on a project which will “give Tesla a run for its money.”

In September 2014, Tim Cook said on the Charlie Rose Show: “There are products that we’re working on that no one knows about, and that haven’t even been rumored about yet.”

Financial sources like The Wall Street Journal, BusinessWeek, and CNBC, have also picked up on the story, claiming that the new project is codenamed “Titan,” and that several hundred Apple employees have been engaged in the project for over a year now, ever since Tim Cook gave the go-ahead call.

These rumors have also been flamed by the recent wave of Tesla employees jumping ship to work with Apple. Whether or not the rumors are true remains to be confirmed, but financial analysts are keeping their ears open to see how this story plays out. Until then, watch the first half of Cook’s interview with Rose!

AUD/NZD Update

Financial analysts analyzing the Australian Dollar are paying close attention to the latest announcements from the country’s central bank, the Reserve Bank of Australia (RBA). Against the New Zealand Dollar, the AUD has been steadily slipping in the past week.

“The RBA is acting as if someone slipped tranquilizers into their drink 18 months ago. They’ve just woken up and they’re looking [at] the world around them and they’re only gradually coming to terms with what they can see,” said Michael Every, Rabobank’s head of Asia-Pacific markets.