Australia business sales eased down by 1.3% last month

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Source: Marketwatch
Australian consumer spending declined by 1.3% on a seasonally adjusted basis in April, according to Commonwealth Business Sales Index. The card transactions survey indicated that customers still spend but prefer to buy services rather than goods. Australians are focused on experience nowadays rather than just on physical goods, said Craig James, economist from CommSec.
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Mon, 21 May 2012 11:03:39 GMT

Economists forecast faster hiring in the US

National Association for Business Economics (NABE) revised upwards its forecast of monthly job increase in the U.S.A. for this year to 188,000 from 170,000 in its Q1 forecast. NABE estimates that GDP will grow by 2.4 percent in 2012. Growth will become faster in 2013 - 2.8 percent. 

Mon, 21 May 2012 08:33:39 GMT

Dollar declined after G8 comments

Dollar fell against its major counterparts during Asian trade on Monday as leaders at G8 summit eased concerns over the Euro Zone's crisis by suggesting keeping Greece within the single currency union. The US Dollar Index that measures its performance against basket of six main currencies dropped by 0.16% to 81.09 US Dollars. Meanwhile, EUR/USD traded at 1.2811, gaining 0.25%

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