Australia is gripped by a global market vice

Two overseas forces are propping up the Australian dollar amid Wall Street's turbulence. But market fears of a smaller-scale US recovery may still come home to roost.

Last night’s big fall on Wall Street tells us that 2014 is not going to be a smooth ride. The task of Alan Kohler, Steve Bartholomeusz and myself is to help you understand the trends but from next Monday there will be a small charge to access KGB commentary. You will also gain a subscription to The Australian as part of the deal. I hope you stay with us.

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