Aussie falls on disappointing jobs data

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Source: Reuters
The Australian Dollar recorded a steep decline on Thursday as a report showed that unemployment rate in the country increased to the highest level since 2003 rising speculation for further rate cuts. The so-called Aussie slipped 1.1% to $0.8928 falling from the strongest level in a month at $0.9068 touched on Wednesday, it also lost 1.2% versus yen to 91.34.

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Thu, 13 Feb 2014 07:32:01 GMT

Australia's inflation forecast stays at 2.3%

Inflation expectations among Australia's consumers stayed unchanged and remained within the 2-3% target set by the Reserve Bank of Australia, a survey published by the Melbourne Institute showed on Thursday. According to the survey, the country's inflation is forecast to record 2.3% over the coming year, the same rate recorded in the month of January.

Thu, 13 Feb 2014 16:54:37 GMT

U.S. shares stable as S&P 500 rally ends

Wall Street shares remained flat on Wednesday trading session with the benchmark index Standard & Poor's 500 rising by 3.9% in the last four sessions after company Procter & Gamble revealed its earnings outlook. The Dow Jones industrial average shed 0.19% to 15,963.94, the S&P 500 Index lost 0.03% and the Nasdaq Composite Index added 0.24% to 4,201.29.

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