Central Bank of Australia fears inflation |
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Good morning from wonderful Hamburg and welcome to the Varengold Daily FX Report. The former Fed chairman Greenspan expressed expectations that US house prices will begin to stabilize in the first half of next year. He expects a higher demand because of more skilled immigrants. Market review The Central Bank of Australia fears inflation and plans to cut interest rates, sending the currency close to 7-month low. The AUD/USD fell to a low of 0.8670 from 0.8700. Top officials from RBA are
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