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MTECHTIPS;-GLOBAL HAPPENINGS
The Australian dollar tumbled to its lowest level since October 2011 in early Asia
trade on Wednesday, extending this month's sharp slide against a broadly-stronger
U.S. currency. The latest catalyst for move in the Aussie dollar was stronger U.S.
economic data overnight that pushed the greenback higher against all major
currencies. . The International Monetary Fund cut its growth forecast for China this year to 7.75
percent from a previous 8 percent, citing a weak world economy and exports, and
said the country's priority should be on reining in social financing growth.
WWW.MTECHTIPS.COM
07489294118-119
The Australian dollar tumbled to its lowest level since October 2011 in early Asia
trade on Wednesday, extending this month's sharp slide against a broadly-stronger
U.S. currency. The latest catalyst for move in the Aussie dollar was stronger U.S.
economic data overnight that pushed the greenback higher against all major
currencies. . The International Monetary Fund cut its growth forecast for China this year to 7.75
percent from a previous 8 percent, citing a weak world economy and exports, and
said the country's priority should be on reining in social financing growth.
WWW.MTECHTIPS.COM
07489294118-119
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