Thursday, July 10, 2008

Australian consumer confidence at 16 yr low

Bloomberg.com: News: "Australian Confidence Slump, Loan Drop Show Economy Is Slowing

By Victoria Batchelor
July 9 (Bloomberg) -- Australian consumer confidence fell to a 16-year low and home-loan approvals dropped by the most in eight years, pushing down the nation's currency on speculation the central bank won't raise interest rates again this year"

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