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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (72328)2/3/2010 10:30:48 AM
From: Maurice Winn1 Recommendation  Read Replies (2) | Respond to of 74559
 
Who has promised to pay you those profits, not to mention giving you your money back?

Watch the counter parties.

Mqurice



To: Haim R. Branisteanu who wrote (72328)2/10/2010 8:49:31 PM
From: Haim R. Branisteanu  Respond to of 74559
 
AUD is sprinting ahead - Australian Job Creation Surge Points To March Rate Rise

By James Glynn
of DOW JONES NEWSWIRES

SYDNEY (Dow Jones)--Australian employment growth surged beyond all expectations in January, ramping up pressure on the Reserve Bank of Australia to resume raising interest rates at its next policy meeting March 2.

The economy created a further 52,700 jobs in January, pushing unemployment down to 5.3% and sending a warning to economic policy makers that potentially inflationary labor market shortages are an imminent threat.

The rise in jobs is the largest monthly increase since December 2006 and the jobless rate is at its lowest level since February 2009.

The Australian dollar surged and bond prices fell as market participants priced in a 50% likelihood of an interest-rate rise in March, up from a 25% chance before the data.

The Australian dollar rose by almost one U.S. cent to a high of US$0.8861, from US$0.8770 before the report.

"The strength of this employment growth just shows this economy has a ton of momentum behind it," said Tony Morriss, debt strategist at ANZ Bank.

The number of people in full-time work rose 15,900 to 7.65 million in January, from 7.64 million in December, while the number of people in part-time work rose 36,900 to 3.31 million from 3.28 million, the Australian Bureau of Statistics said.

-By James Glynn, Dow Jones Newswires; 61-2-8272-4685; james.glynn@dowjones.com
(Enda Curran and Geoffrey Rogow contributed to this article)