Australia, N.Z. Dollars Fall With Equities on Recession Concern
The Australian and New Zealand dollars declined as Asian stocks fell for a fourth day, damping demand for higher-yielding assets. The currencies weakened as reports showed U.S. home prices plunged at the fastest pace in at least four decades and confidence among Japanese manufacturers declined the most on record. A deepening global recession may lead [...]
Australian Newspaper Job Ads Plunge Most in 30 Years, ANZ Says
Australian job-vacancy advertisements slumped in November for a seventh month, led by a record drop in newspaper notices, as employers pared hiring plans amid concern the economy may enter a recession. Jobs advertised in newspapers and on the Internet plunged 8.6 percent last month to an average of 211,199 a week, after falling 5.9 percent [...]
Australian, N.Z. Dollars Advance as Stocks Gain on Auto Rescue
The Australian and New Zealand dollars rose as stocks in the region gained amid reports U.S. lawmakers may agree to rescue automakers, spurring investors to buy high-yielding assets. The currencies extended gains from Dec. 5 after U.S. President-elect Barack Obama on the weekend pledged the biggest public works program in about 50 years to help [...]
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