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Monday, 5 August 2019

Zero lower bound

Barry Crocker

How's your week going so far?

AiG's PSI services gauge plunged by 8.3 points to 43.9 for an epic contraction in July.


Only one month's result, of course, but an atrocious result in anyone's language.


The Aussie dollar has now breached 68 US cents to the downside.

Zero rates by the end of the year?

Oof, indeed!

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Aussie dollar smoked down to 67.55 cents.