The Australian dollar was lower today, as weak equity markets dragged
high-yielding currencies such as the Australian unit down in morning trade. At
midday, the Australian dollar was trading at 86.43 US cents, down 0.24 per cent
from yesterday’s close of 86.64 US cents. It was also
FOREX: CREDIT DEFAULT SPREADS AND EUR/USD EUR/USD: G7 LEAVES MUCH TO BE DESIRED
GBP/USD: LEADS G7 PUSH FOR BANKING FEE USD/CAD: NEW BUBBLE IN HOUSING ?
NZD/USD: BOLLARD FINDS THAT ECONOMY IS STILL FRAGILE AUD/USD: CUTTING BACK ON
Top Stories Overnight Eco Event Risk on Tap Price Action Although the details
of the possible tax were not yet available, the prospect of yet another levy on
the global money centre banks will likely put further strain on capital markets
if it should ever become actual law.
U.S. DOLLAR: HAVE WE HIT A CAPITULATION POINT ? EUR/USD: STRONGER ECONOMIC DATA
BRINGS REPRIEVE GBP/USD: WILL HOTTER INFALTION BE SUSTAINABLE ? USD/CAD:
SURPRISING INCREASE IN EMPLOYMENT AUD/USD: OIL PRICES
and more importantly the manufacturing sector reported the first month of
positive job growth after 25 months of consecutive job losses. Based upon the
recent trend of economic data, the manufacturing sector is the leading the
service sector recovery. The discrepancy between the payrolls survey
AAP That's the bad news. The good news is the cash rate will hold steady at
4.25 per cent for the next 10 to 15 years, as Australia moves into a new era of
more moderate inflation, says Herston Economics chief economist Clifford
Bennett. Mr Bennett said the Reserve Bank of Australia (RBA)
Top Stories BoE and ECB meeting on tap Asia lower accross the board Europe
follows OIl below $77/bbl Gold hold $1100/oz. at $1105 oz. last Overnight Eco
AUD Building Approvals 2.2% vs. -0.2% AUD Retail Sales sharp slide to -0.7% vs.
0.3% forecast NZD Employment
Feb. 4 (Bloomberg) -- The dollar traded near a seven-month high against the
euro a day before a U.S. payrolls report forecast to show the world’s biggest
economy added the most jobs in two years. The greenback gained yesterday
against 14 of its 16 most- traded counterparts tracked by
North American Commodity Update Commodities - Energy Oil Sees Extraordinary
Levels of Volatility but Still Lacks Direction Despite DoE Inventory Report
Crude Oil (LS NYMEX) - $77.50 // $0.27 // 0.35% It was
a battle of influence over oil’s bearing; but neither risk
The Australian dollar battled to hold its ground on Wednesday amid uncertainty
whether the latest recovery in risk appetite could last and talk local interest
rates are unlikely to rise as fast as earlier thought. An overnight rally in
growth-linked currencies ran out of fizz on renewed
The Australian dollar was lower today, as weak equity markets dragged
high-yielding currencies such as the Australian unit down in morning trade. At
midday, the Australian dollar was trading at 86.43 US cents, down 0.24 per cent
from yesterday’s close of 86.64 US cents. It was also
