Credit markets remained tight around the world this week but took a back seat to commodity prices and continued economic turmoil. The prices of oil and gold touched psychological highs then dropped as continued discouraging U.S. fundamental data sparked worries of global economic slowing, hurting primarily the export currencies. Although interest rates remain a major [...]

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Carry trades again declined in favour this week as geopolitical turmoil in Pakistan urged investors out of the riskier areas of the financial marketplace despite robust trading in global stock markets.
The Australian dollar strengthened against its U.S. counterpart on slightly stronger gold prices. The AUD/USD currency pair on Wednesday entered a trading range between 0.8786 [...]

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