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RBA holds interest rates unchanged at 4.5%

posted by sassygirl 726 days ago in AUD, Inflation made popular 726 days ago

The Reserve Bank of Australia (RBA) did as expected by analysts at its monthly board meeting today deciding to leave the official cash rate unchanged at 4.5 percent.

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Australia May Hold Rate at 4.5% as Increases Start to ’Bite’

posted by sassygirl 727 days ago in AUD, Inflation made popular 727 days ago

Australia’s central bank may keep its benchmark interest rate unchanged this week after the most aggressive round of increases in the Group of 20 restrained retail sales and slashed mortgage lending by a quarter.

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How Far Will Europe’s Economic Tremors Reach?

posted by sassygirl 728 days ago in EUR made popular 728 days ago

The debt crisis in Europe has already had a significant psychological impact on Wall Street, sending the Standard & Poor’s 500-stock index down 10.5 percent from its April high.

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Banks Trim Emergency Borrowing Further From Fed

posted by sassygirl 736 days ago in USD made popular 736 days ago

Banks borrowed slightly less from the Federal Reserve's emergency lending program over the past week, further evidence that credit markets are improving.

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Euro-zone inflation up in April but inflationary pressures l

posted by sassygirl 739 days ago in EUR, Inflation

EURO-ZONE inflation rose as expected in April, boosted by more expensive fuel and cigarettes, but a fall in core inflation - which strips out the most volatile components - showed inflation pressures were low.

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Eurozone inflation edges up to 1.5 percent in April

posted by sassygirl 739 days ago in EUR, Inflation made popular 739 days ago

Twelve-month inflation rose to 1.5 percent in April across the 16 countries which share the euro currency, up from 1.4 percent in March, official figures confirmed on Tuesday.

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England defeat Australia to become World Twenty20 champions

posted by sassygirl 740 days ago in EUR, AUD

Craig Kieswetter and Kevin Pietersen guided England to their first ICC trophy with a seven-wicket victory over Australia in the final of the World Twenty20.

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Fear of a Double Dip Could Cause One

posted by sassygirl 742 days ago in USD, EUR, Fundamental made popular 742 days ago

The risk of a double-dip recession hasn’t abated, even after news of the huge European bailout in response to the Greek debt crisis.

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U.S. Economy: Retail Sales, Output Exceed Forecasts

posted by sassygirl 743 days ago in USD, Retail Sales made popular 743 days ago

Retail sales and industrial production in the U.S. climbed more than forecast in April, indicating the economic recovery gained momentum at the start of the second quarter.

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Why the Gold Price Rises on Good News and Bad

posted by sassygirl 744 days ago in Gold

Can you still buy a sports car for $10,000? We bought our first real automobile for $78. It was a ’37 Plymouth. Beautiful car. All original. And it ran well…for a while. We were only 16. We didn’t have a driver’s license yet, but we were getting

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Gold Poised To Take-Out All Time High

posted by sassygirl 746 days ago in Gold, Inflation made popular 746 days ago

With the EU monetizing the debt of Greece, investors are flocking to Gold and Silver on fears of the devaluing of fiat currencies which could lead to rampant inflation.

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US economy adds 290,000 new jobs

posted by sassygirl 749 days ago in USD, Employment made popular 749 days ago

The US economy created 290,000 new jobs in April, the largest one-month gain in more than four years, according to new data from the US government.

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