28.01.2009 - Australian, New Zealand dollars slip on rate cut expectations
From Bloomberg: The Australian and New Zealand dollars declined as commodities fell the most in two weeks and consumer prices in Australia posted the biggest drop in 11 years, clearing the way for further interest-rate cuts. The currencies slid as Australia’s consumer price index fell 0.3 percent from the third quarter, when it gained 1.2 percent, the Bureau of Statistics said in Sydney today. The UBS Bloomberg Constant Maturity Commodity index of 26 products declined 3.5 percent. .... Full Article: Source
Print