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Australia, New Zealand dollars fall on global economic concern

Posted on 15 January 2009

From Bloomberg: The Australian and New Zealand dollars fell after a drop in U.S. retail sales increased concern the global slowdown will worsen, reducing demand for higher- yielding currencies.

New Zealand’s dollar slipped to the lowest level in more than a month as sales at U.S. retailers fell 2.7 percent in December, more than twice as much as forecast….. Full Article: Source


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