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Breaking news on category 'Business, Economics, Finance, Stock and Markets' in Africa.

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Iceland Cuts Interest Rates To 7.00%

Site page imageIceland's central bank decided to lower its benchmark interest rates more than expected on Wednesday, as the island nation seeks to get its economy back on track.

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Forex: EUR/USD bounces at 1.2820, and returns to 1.2900 resistance area

Site page imageFXstreet.com (Barcelona) - Euro recovery from 1.32735 low on Monday was rejected yesterday at. For more information, read our latest forex news.

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Forex: EUR/GBP drops to session low after BoE minutes

Site page imageFXstreet.com (Barcelona) - Euro recovery from 0.8170 low on Friday has been capped at 0.8280. For more information, read our latest forex news.

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Oil down near $75.00 / bbl as stockpiles worry

Site page imageFXstreet.com (Barcelona) - Crude Oil for September delivery dipped down to levels near $75.00,. For more information, read our latest forex news.

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EMU's Construction Output improves

Site page imageFXstreet.com (Barcelona) - The European Monetary Union report on the construction sector improved. For more information, read our latest forex news.

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Eurozone Construction Output Rises Strongly In June

Site page imageEurozone seasonally adjusted construction output rose 2.7% month-on-month in June following a revisd 0.7% decline in May, data released by Eurostat showed Wednesday. On an annual basis, construction output grew 3.1% compared to a revised 6.2% fall in the previous month.

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Aussie Falls on Lower Wages Growth

Site page imageThe�Australian dollar fell today against the�Japanese yen on�the�speculation that Japan’s central bank will refrain from curbing the�yen’s gains and�after Australia’s wages growth slowed. The�Aussie also dropped versus the�greenback.(.)Read the rest of Aussie Falls on Lower Wages Growth (80 words) Posted on Forex News.

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Iceland Cuts Key Rate To 7.00%

Site page imageIceland's central bank on Wednesday decided to reduce its benchmark interest rates by 100 basis points. The Monetary Policy Committee of Sedlabanki cut the key lending rate to 7.00% from 8.00%. Analysts had expected a 50 basis point cut.

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Forex: GBP/JPY surges to 133.45 after BoE minutes

Site page imageFXstreet.com (Barcelona) - The minutes of BoE's latest monetary policy meeting have boosted the. For more information, read our latest forex news.

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Japanese Market Ends In Positive Territory On Wall Street Cues

Site page imageThe Japanese market snapped recent losses and ended in positive territory on Wednesday, taking cues from Wall Street where the major averages ended in positive territory with modest gains on better-than-expected earnings from Walmart and Home Depot. Optimism that the US economy is showing signs of recovery as well as speculation that measures will be announced to stem local currency's continuing strength as early as next week when the Prime Minister will meet the Governor of the Bank of Japan for discussions impacted market sentiment.

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