Aussie Dollar Downtrend
One thorn of experience is worth a whole wilderness of warning. --James Russell Lowell
Last month, I wrote that the Aussie dollar's strength was likely causing deflationary pressure and a breakdown could occur soon. Weak manufacturing PMI data confirmed that economic activity was slowing and that the currency's advance was having a negative effect on markets. Since then, the Aussie dollar has fallen in what appears to be the start of an early downtrend in the currency....209 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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