Gold Producers See Instant Advantage Should Greece Exit Euro

Gold producers see potential for immediate gains should Greece exit the euro having voted against additional austerity measures.

Goldman Sachs FX strategist: A$ 20% overvalued

SYDNEY--The Australian dollar is about 20% over valued and vulnerable to a sharp correction amid a slowing domestic economy and downward pressure on commodity prices, a top Goldman Sachs Group Inc.

Australia cuts interest rates as economy slows

Australia's slowing economy has pushed the country's central bank to slash interest rates by 0.5 percentage points to 3.75%, in a sign that the eurozone crisis and the cooling in China are affecting the global economy.