Normal
An interesting week ahead as markets transfix themselves on the Euro Zone and the gathering storm of debt surrounding Greece, Spain and Portugal. The contagion is building and as in the property sector will spread and spread.The US has an advantage here in that it has already crashed and not burned, but can we say the same of the Eurozone and we have not heard so much yet of the newer part of the Eastern Block of the Eurozone.The USD looks as if it has a long way to go against the Euro and we need now to see how much that can continue to affect the AUD. The Aussie has been commodity driven and prices have tumbled, and some think stand on the brink. In this situation the AUD may have a longway to go in its downward path, perhaps through the whole of 2010 and 2011.
An interesting week ahead as markets transfix themselves on the Euro Zone and the gathering storm of debt surrounding Greece, Spain and Portugal. The contagion is building and as in the property sector will spread and spread.
The US has an advantage here in that it has already crashed and not burned, but can we say the same of the Eurozone and we have not heard so much yet of the newer part of the Eastern Block of the Eurozone.
The USD looks as if it has a long way to go against the Euro and we need now to see how much that can continue to affect the AUD. The Aussie has been commodity driven and prices have tumbled, and some think stand on the brink. In this situation the AUD may have a longway to go in its downward path, perhaps through the whole of 2010 and 2011.
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