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While you were sleeping: September taper back in focus

Wall Street fell a second day after two other US Federal Reserve officials suggested the central bank could begin easing its bond-buying program next month. In late afternoon trading in New York, the Dow Jones Industrial Average slid 0.62 percent, the Standard & Poor’s 500 Index fell 0.59 percent and the Nasdaq Composite Index dropped 0.78 percent. Shares of International …

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NZ dollar pares gain vs. Aust after RBA cuts key rate to 2.5 percent

The New Zealand dollar pared gains against its Australian counterpart after the central bank cut interest rates across the Tasman, matching the local key rate, but without indicating if there’s scope for further cuts. The kiwi fell to 87.47 Australian cents at 5pm in Wellington from 87.72 cents immediately before the announcement and 87.53 cents yesterday. The local currency traded …

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Australia’s central bank cuts key rate to 2.5 percent, matching RBNZ

The Reserve Bank of Australia cut its cash rate by a quarter point to 2.5 percent as expected, matching its New Zealand counterpart’s official cash rate for the first time in more than four years and lifting the relative appeal of the kiwi. The RBA made good on its observation in recent statements that inflation in Australia is benign enough …

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