Interest Cut Rumors Push Down Aussie and Kiwi Dollars
As speculation grows that an interest rate cut is inevitable due to slowing economies, the Australian and New Zealand dollars both continue to lose value.
European Unemployment and Manufacturing Output Numbers Disappoint
European unemployment hit a year-long high in August, rising to 7.5% as manufacturing continues to decline.
Yesterday’s Market Rally May Hurt Rescue Plan’s Passage
With yesterday’s stock market rebound gaining much of Monday’s losses, convincing U.S. legislators to adopt the revised TARA (Troubled Asset Relief Act) may prove difficult.
Experts Predicts Gold Will Average $900 an Ounce in 4th Quarter
Industry expert predicts that wary investors will once again take up gold as a safe haven while waiting for markets to settle.
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