It was an active week with the Reserve Bank of Australia slashing its rate by 50 basis points. US economic data during the week remained soft as manufacturing sector slowed. US services sector was weak, jobless claim fell more than forecast and finally on
Asad Rizvi, "FX & Gold – weekly outlook May 07 – 11," Business recorder. 2012-07-06.Keywords: Economics and business , Economic policy , Economic system , Economic issues , Economic growth , Monetary policy , GDP growth , Swiss bank , Markets , United States , IMF , SNB , GBP