Australian And Chinese Central Banks Impact Stocks; The Bad Luck Of The Irish Executive

Currencies matter a lot, especially when investing (as we do) globally. Today's developments include a climb-down by the Westpac Bank's chief currency strategist Down Under, Billy Evans. He withdrew his forecast that the Reserve Bank of Australia (their central bank or CB) would cut interest rates. With employment rising in Oz, he now thinks a yield cut "faces a high hurdle."