RBA cuts it rate by 0.25 % to 7.00 % |
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Good morning from wonderful Hamburg and welcome to the Varengold Daily FX Report. RBA cuts it rate by 0.25 % to 7.00 % and said that it looks like the economy will slow be enough to bring inflation down over the time. The AUD/USD jumped 0.2 % to a session high of 0.8520. Market review It will not be easy to avoid a global economic recession, even if histrotically growth remains at a high level, the BOJ Governor Shirakawa said. In a speech to business leaders in central Japan he adumbrates that
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