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Surprise rise in building approvals

Thu 04/02/10 - 02:12:12 vs6
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Figures from the Bureau of Statistics show there was a seasonally adjusted 2.2 per cent rise in home building approvals in December compared to the month before. A markets economist with the National Australia Bank, David de Garis, says it is a very strong result. "The implication of that is
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Tags : abc.net.au, gdp, interest rate increases, title.building approvals, building approvals, construction activity, snippet, department store, implication, retail sales, economist, calendar year, spur, dwelling, caution, decline, little bit, consumers

Dollar up despite cautious mood

Wed 03/02/10 - 02:12:00 vs6
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At 5pm (AEDT), the Australian dollar was trading at $US0.8871, up from yesterday's close of $US0.88. From 7am (AEDT), the local unit had traded between $US0.8883 and $US0.8829. 4Cast financial markets economist Michael Turner said the unit was lifted off its intra day lows in line
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Tags : news.com.au, S&P, RON, MBA, europe, Euro, Commission, aussie, market observers, mortgage applications, credit markets, market analysts, Share market, financial markets, lows, 5pm, economist, debts, little bit