The Commerce Department’s new reading on gross domestic product for the July-to-September quarter was slower than the 2.8 % growth rate estimated a month ago. Economists had predicted this figure would remain the same in the final estimate of the quarter’s GDP – the value of all goods and services produced in the United States. [...]

One of the best performing currencies of 2009 has been Australian Dollar. Country’s financial authorities were first among world’s major economies to declare end of recession and institute interest rate increase policy. Reserve Bank of Australiaraised it benchmark cash rate by 75 basis points, to 3.75%. This happened during relatively short time span of 3 months. [...]

So far this week very little of interest happened in financial markets, currencies being no exceptions. Not much movement and if there is any it lacks conviction and/or follow through. This is happening in spite developments which, in theory, should create more than a yawn. There is some talk about Austria becoming second Greece and on [...]