Forex Trading Week ending 8 May 2009: Global equities markets continue to rally on nil, as most economic data indicate not a stabilisation but a less dramatic contraction with numerous downside risks remaining. Commodity and higher-yielding currencies gained as safe-havens declined in a widespread shifting of ranges.
The RBA held rates steady at 3.0% but lowered [...]

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Week ending 12 December 2008, Political brinksmanship in Washington over the proposed automakers’ bailout drove global equities up and down like yo-yos, with risk aversion and currencies the shadows and USD’s status as a safe-haven currency the loser.
Australian workers lost −15.6K jobs in November and the unemployment rate ticked up to 4.4%, while ANZ job [...]

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