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Australian dollar creeps higher as mood less bleak

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* Asian shares escape worst of Wall Street selloff SYDNEY, Feb 9 (Reuters) - The Australian dollar edged cautiously higher on Tuesday as recent tensions over sovereign debt in the euro zone seemed to ease. Traders said there were hopes the EU could make progress on the debt troubles of
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Wall St plummets below 10,000

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The blue-chip Dow Jones Industrial Average slumped 103.84 points (1.04 percent) to end at 9908.39, as a late-day selloff accelerated in the final hour. The Nasdaq composite shed 15.07 points (0.70 percent) to 2126.05 and the broad-market Standard & Poor's 500 index lost 9.45 points
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Australian Dollar to Rebound if Stock Markets Correct Higher

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Fundamental Forecast for Australian Dollar: Neutral - RBA Says Interest Rates to Rise to 4.5% by End of 2010 - Retail Sales Disappoint, Building Permits Rise on Stimulus - Trade Deficit Widens as Higher Oil Prices Boost Import Figures - RBA Holds Rates at 3.75%, Business Confidence
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Dollar Hits Five-Month High on Risk Aversion, Euro Spikes Up Against Swiss Franc

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Key Overnight Developments • US Dollar Soars on Risk Aversion as Asian Stocks Decline • RBA Says Interest Rates to Rise to 4.5% by End of 2010 • Euro Spikes Higher Against Swiss Franc, SNB Action Hinted Critical Levels Euro tested below 1.3670 against the Dollar
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