Will it have an impact on the Australian economy ? The Reserve Bank is wary,
but says China will be more important to the health of our economy. China's
January economic update will be out this week. No significant change is
expected, but the figures will highlight the vast
The Aussie dollar fell to multi-month lows today as investors fretted about
sovereign debt problems in Europe amid concerns strained budgets could force
fiscal retrenchment in many developed nations. The Aussie hit a 4-month low at
$0.8639, shedding two US cents overnight as risk appetite
* Aussie hit a 4-month low at $0.8639 AUD=D4, shedding two cents overnight as
risk appetite for high yielding currencies collapsed on worries about the
health of the global economy. * The 2.1 percent drop on Thursday was the
biggest daily slide in over seven months. * The Aussie at
The markets have taken this as a net bearish signal , with the accompanying
statement adding to the selling pressure in Aussie after the central bank
expressed concerns over mortgage rates , China monetary policy tightening , and
the escalation in sovereign debt issues . While
Will it have an impact on the Australian economy ? The Reserve Bank is wary,
but says China will be more important to the health of our economy. China's
January economic update will be out this week. No significant change is
expected, but the figures will highlight the vast
