Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Wednesday, April 1, 2009

Euro, Yen and Aud

The Euro may come under fire as the Euro Zone Unemployment Rate rises to the highest in over 2 years, adding to evidence of deepening recession and bolstering expectations of a 0.50% interest rate cut later in the week.

Overnight data showed Japan’s business confidence fell to a record low in the first quarter while Australian retail sales plunged the most in 8 years.

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