The Aussie's Happy Decline

Overnight, the Australian dollar reached a new 11-month low. Real Money Pro readers already knew the Aussie was headed down under and that, despite this recent decline, there could be plenty more downside to come.

The slide occurred despite a massive employment beat Wednesday evening: Australia created 50,100 jobs in April, crushing expectations of 11,500, and March's figure was revised higher by 5,000. To grasp the significance of these results, understand that there are only about 23 million people in Australia vs. 315 million in the U.S. The number of jobs created was the equivalent of 686,000 U.S. jobs -- a mind-blowing figure....417 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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