Most currency pairs consolidated within new trading ranges and many of them fell against the U.S. dollar as the global slowdown intensifies. Commodities prices bounced as the credit crisis renewed investors’ risk aversion.
The RBA’s August minutes confirm a probable rate cut of 25bps to 50bps at their next meeting on 2 September. The Westpac-MI June […]

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Historically, Switzerland remained neutral throughout the major European conflicts. This earned Switzerland a place as banker to the world, as even the most loyal industrialists and politicians of the major combatants wanted their money somewhere safe during the fighting, to prevent a catastrophic loss of funds in the event of a catastrophic loss of territory. […]

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