Aussie turns positive on recovering Chinese stocks, Greece

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Source: WBP Online
The Australian Dollar rose slightly against the Greenback, as Chinese equities rallied for a third straight trading session and an agreement has been reached to assist Greece in its debt crisis. The Aussie added 0.2% to 0.7449 against the Dollar by 7:40 AM GMT. The Chinese economy remains a key factor for the Aussie, as Australia's economy relies heavily on its commodity exports to China.
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Mon, 13 Jul 2015 08:27:04 GMT

Asian-Pacific stocks edge higher

The Chinese equity market led Asian-Pacific gains on Monday, as the huge selloff, which wiped out $3.2 Trillion in value over three weeks, has stopped due to Beijing's intervention. The Shanghai Composite rose 2.4% to 3,970 points, the Nikkei 225 added 1.6% to 20,090 points, while the Hong Kong's Hang Seng rose 1.4% to 25,243 points. Meanwhile, the Australia's S&P/ASX

Mon, 13 Jul 2015 07:55:08 GMT

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