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发表于 2014-5-20 14:15:56
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The Australian dollar dollar soared above US84 cents for the first time since February 1989 after the release of stronger-than-expected economic growth figures.Gross domestic product for the March quarter rose 1.6 per cent quarter on quarter and 3.8 per cent over the year to March 31.Economists expected an annual 3.1 per cent growth rate.At 11.51am the dollar was buying US84.18 cents.The economy was buoyed by strong consumer demand, supported by low unemployment and stable interest rates, and solid business investment as companies raked in huge profits.Such strength came despite a devastating drought that has severely hit farmlands.Earlier, the central bank left interest rates unchanged for another month following yesterday's board meeting, as widely expected.Helping the Australian dollar are rising expectations that interest rates will head higher by the end of this year.Comments by US Federal Reserve chairman Ben Bernanke also paved the way for the Australian dollar's rise, with the |
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