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View Full Version : Australia Holds Key Rate at 4.75% to Gauge U.S. Slowdown; Currency Falls - Bloomberg



NewsWhore
08-02-2011, 01:10 AM
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Australia Holds Key Rate at 4.75% to Gauge U.S. Slowdown; Currency Falls (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNF5SEUK0jG3U3cnnGCR0DhTmAZ73g&url=http://www.bloomberg.com/news/2011-08-02/australia-holds-key-rate-at-4-75-to-gauge-u-s-slowdown-currency-falls.html)
Bloomberg
The local currency has risen about 20 percent in the past year and reached $1.1081 on July 27, the highest level since it was freely floated in 1983. The currency&#39;s appreciation mirrors rising global demand for Australian iron ore, coal and other ...

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