Australian shares reach 5-year high amid U.S.

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Source: Reuters
© Scanpix/RS
Australian stocks increased on Monday rising to the highest level in five years as investors' confidence advanced amid new highs reached on Wall Street on speculation the Fed may be wary of winding back its monthly-bond-purchases program. Australian shares rose to a five-year high supported by last week's report showing China's GDP improved.

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Mon, 21 Oct 2013 06:31:04 GMT

U.S. Dollar trades near 8-month low

The U.S. Dollar dropped on Monday and traded close to its lowest level in eight months against the majority of its counterparts amid concerns that the Federal Reserve may scale back its monthly bond-buying program until the impact of partial government shutdown will be clearer. The Dollar index stayed at 79.675 near a level of 79.478, the least since February.

Fri, 18 Oct 2013 14:46:07 GMT

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