Australia on the verge of a sharp economic recession |
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Good morning from Hamburg and welcome to the Varengold Daily FX Report. The weather in Hamburg has gotten better and it seems to be a sunny week after the wonderful sunrise this morning. However, we wish you a nice day and good luck in trading. Market review According to the Westpac Institutional Bank-Melbourne index, Australia’s economy is on the verge of going into a sharp economic recession in the next three to nine months, attributed to tense financial conditions, weak U.S. industrial
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