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THE AUSSIE: An
Economic Relief: One can
see for themselves, those
who have an interest in the
Australian economy
welcome the declining
unemployment situation
(top left) with open arms.
After the release of this
Moving on to a more positive discussion, number the Aussie
pummeled the bears
Australian employment, whose numbers (bottom right), filling the
were particularly pleasing. The Australian large amount of sell orders
Bureau of Statistics revealed that the at the .8800 level.
economy added 52,700 jobs in January while
the Unemployment Rate declined to 5.3%,
the lowest in 11 months. Economists and
analysts were expecting for a gain of only
15,000 and an increase in the jobless rate to
5.6%. One can only imagine the expectations
that will come of the Reserve Bank of
Australia and the continuation of tightening
interest rates. If I were a betting man, I
would do so on the side of higher rates when
they bank meets in March.