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Australian dollar may hit 50 US cents; imports sink

Posted on 18 February 2009

From Theage.com.au: The Australian dollar may sink to as low as 50 US cents even as import demand shrivels, led by a slump in machinery shipments.

Data out today showed merchandise imports sank by 14% in January, or $2.86 billion, from the previous month to $17.261 billion. That compared to a downwardly revised $20.121 billion in December, the Australian Bureau of Statistics…. Full Article: Source


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