On Bad Global Outlook, Aussie dollars continue to slide
Posted on January 12th, 2009 in aus, aussie dollar, Australian dollar, australian currency, cent, commodity prices, global financial slowdown, micro cap, perth
The worsening global financial outlook has its equivalent worst effect to the economic situation of Australia. Australian dollar, including that of New Zealand’s dollar has continue to slide still due to global economic slowdown and commodity prices.
Australian government bonds advanced, pushing the two-year yield down 11 basis points, or 0.11 percentage point, to 2.64 percent, according to data compiled by Bloomberg. The price of the 5.25 percent note due August 2010 rose 0.170, or A$1.70 per A$1,000 face amount, to 104.011.
New Zealand’s two-year swap rate, a fixed payment made to receive floating rates, declined to 4.06 percent from 4.23 percent late in Asia yesterday.
