By Guest Author · 2 November 2007 · General
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New American sub-prime mortgage market fears resulted in the Australian dollar opening weaker today at $US0.9133/37. According to a Sydney Morning Herald report, Joanne Masters, Macquarie Bank associate director, connects the change in trading conditions to the US banks and their downgraded earnings outlooks. "It's a global story of risk aversion," she says. "Equity markets […]
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