Lithuanian GDP growth slows down to 3.7%

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Source: Bloomberg
© Scanpix/Reuters
Lithuania's economic growth fell behind economist estimates on weak consumer sentiment and investments. GDP growth rate was 3.7% in the second quarter, while economist survey showed a median estimate of 4.2%. This might put at risk the nations ambition of entering the Eurozone in 2015 as the government may fail to cut the budget deficit below 3%, the requirement of the EU.
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Tue, 30 Jul 2013 15:18:09 GMT

Aussie declines as RBA signals easing, Krona falls

The Australian Dollar depreciated 1% to 90.87 against the greenback as of 9 a.m. in New York after the Reserve Bank of Australia Chairman Glenn Stevens said that there is still room for interest rate cuts and the currency may weaken further. Also Swedish Krone fell 1.2% to 8.6890 versus the Euro after preliminary data showed that Sweden's economy has

Tue, 30 Jul 2013 14:45:07 GMT

Canadian Dollar at monthly record against greenback

The Canadian Dollar was little changed versus the U.S. Dollar. The manufacturing prices report had little impact on the pair. The currency traded at a one-month high due to oil demand, the nation's largest export. The loonie remained at C$1.0266 before GDP data release tomorrow which is most likely to show a 0.2% economic growth in June in Canada.

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