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1 0 Tag Archives: Australia
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Euro and yen slow Aussie dollar's slide

The Australian dollar’s race to the bottom is not going to plan. Reserve Bank boss Glenn Stevens wants a lower Aussie dollar to boost economic growth, but the European and Japanese central banks also want the same thing with their currencies. In the past seven months the Australian dollar has dropped almost US20c, from […]

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March 1, 2015
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Forex – Weekly outlook: March 2 – 6

Investing.com – Investing.com – The dollar pushed higher against the yen and the euro on Friday after data showed that the U.S. economy expanded modestly in the last quarter of 2014, supporting expectations for interest rate increases. The Commerce Department reported that U.S. gross domestic product grew at an annual rate of 2.2% in […]

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US and UK rate hikes to drive euro further south

The euro has lost considerable ground since last spring as the persistence of very weak growth in the eurozone, coupled with a fall in inflation to very low levels, forced the ECB into further policy easing moves. It has also become increasingly clear that while interest rates are likely to rise, albeit modestly, in the […]

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February 24, 2015
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Dollar slips vs euro on short-covering bounce, Greek relief

NEW YORK: The dollar skidded to a nearly two-week low against the euro on Tuesday on euro buying following weaker US economic data and easing concerns surrounding Greece’s debt load, while the Australian dollar plunged on a central bank rate cut. A spell of weaker US […]

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The Conference Board Leading Economic Index® (LEI) for the Euro Area Declined in October

BRUSSELS, Nov. 26, 2014 /PRNewswire/ — The Conference Board Leading Economic Index® (LEI) for the Euro Area declined 0.2 percent to 111.9 (2004=100) in October, following a 0.1 percent increase in September and a 0.6 percent decrease in August. “The Leading Economic Index for the Euro Area showed another decline in October as the European […]

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November 26, 2014
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The Conference Board Leading Economic Index® (LEI) for the Euro Area Was Unchanged in September

BRUSSELS, Oct. 27, 2014 /PRNewswire/ — The Conference Board Leading Economic Index® (LEI) for the Euro Area remained unchanged at 111.7 (2004=100) in September, following a 0.6 percent decrease in August and a 0.3 percent increase in July. “The Leading Economic Index for the Euro Area was flat in September after a sharp decline in August,” […]

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October 27, 2014
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Euro Holds Lower Before PMI Seen Boosting Case for ECB Stimulus

The euro remained lower after falling yesterday, with a Purchasing Managers Index due tomorrow forecast to show manufacturing in the region contracted for the first time in 16 months, adding to the case for more stimulus. The 18-nation currency slid the most in a week yesterday as billionaire hedge-fund manager David Tepper said investors should […]

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Asian Futures Mixed With Euro Holding Losses as Oil Drops

Japanese stocks rose, with the Topix index gaining a second day as the yen held losses. The euro was near a one-year low versus the dollar with the central bank to review monetary policy this week, while crude oil dropped. The MSCI Asia Pacific Index (MXAP) was little changed by 10:03 a.m. in Tokyo, as […]

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September 2, 2014
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The Conference Board Leading Economic Index® (LEI) for the Euro Area Increased in July

BRUSSELS, Aug. 27, 2014 /PRNewswire/ — The Conference Board Leading Economic Index® (LEI) for the Euro Area increased 0.3 percent in July to 112.5 (2004=100), following a 0.1 percent decrease in June and a 0.4 percent increase in May. “The sharp slowdown in the six-month growth rate of the Leading Economic Index for the Euro […]

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The Conference Board Leading Economic Index® (LEI) for the Euro Area Increased in May

BRUSSELS, June 26, 2014 /PRNewswire/ — The Conference Board Leading Economic Index® (LEI) for the Euro Area increased 0.3 percent in May 2014 to 111.7 (2004=100), following a 0.2 percent decrease in April and 0.2 increase in March. “May’s moderate increase in the Leading Economic Index — alongside a slowdown in its six-month growth rate — […]

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June 26, 2014