| Forex news & analysis
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AUD fell against USD; CNY rose against EUR
| 31.08.2009 |
The Australian dollar closed last week‘s trading at 0,8421 against the US dollar, today it fell to the four-day low of 0,8375 and its next value is seen at 0,824.
The Chinese yuan closed Friday‘s trading at 9,7697 against the euro, today it raised to the four-day high of 9,7551 and its next value is seen at 9,720.
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JPY rose against USD; GBP fell against USD
| 31.08.2009 |
The Japanese yen closed Friday‘s trading at 93,65 against the US dollar, today it hit the seven-week high of 92,58 and its next value is seen at 91,8.
The British pound fell to the four-day low of 1,624 against the US dollar today and its next value is seen at 1,616.
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| Central banks news
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Growth of GDP by 0.1% met expectation (Reserve Bank of India) | 31.08.2009 |
The India‘s economy grew by 6.1% in the second quarter compared with the last year, which is according to expectation, because the government stimuli measures supported demand.
The economy accelerated from 5.8% in the previous month, the data showed on Monday, driven by growing activity in mining, manufacturing, electricity and service sector compared with the previous quarter.
The growth was just above the median of 6% of annual extension according to analysts. Economists said that weakening in agriculture could be stabilized by the growth in manufacturing and services at the end of the year.
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No reason to change rates until 2010 (National Bank of Poland) | 31.08.2009 |
There is no reason to change Polish interest rates until the term of the Monetary Policy Council ends at the beginning of the next year, a council member Andrzej Wojtyna said on Monday.
Wojtyna said that the Council could change the way of easing to neutral because inflation is still alarming and despite worries over the economic growth.
„At the end of the term, there is no reason to change interest rates. The data, at the very best, support the movement to informal neutral tendency, but the Council is divided upon this issue,“ Wojtyna said.
The Council has cut the key interest rate by 2.5% to the record low of 3.5% since November.
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