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ECB hikes rates 25bp to 4.00%; AUD and NZD extending gains.

Discussion in 'Forex Daily News & Outlook' started by prav, Jun 7, 2007.

  1. prav

    prav Moderator
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    The European Central Bank raised rates by 25bp to 4.00% as expected. ECB's Trichet predicts inflation rising by year-end, however. Australian first quarter GDP increased by 1.6% q/q, very well above expectations fueled by high consumption and increased business investment.


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