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RBA Governor Stevens: Australia and China Need to Cooperate

Reserve Bank of Australia governor Glenn Stevens says capital markets should prepare for a world where China invests $400 billion a year offshore, much of it in the Asian region.  Mr Stevens told the Boao Forum for Asia in Sydney that if China fully opens its capital markets and liberalises trade in the renminbi, China …

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AUD/USD Remains Under Pressure after U.S. Fed

The Australian dollar is weaker against a greenback that has been strengthened by positive comments from the US Federal Reserve.  At 1:45pm AEST on Thursday, the currency was trading at 73.10 US cents, down from 73.21 cents on Wednesday. BK Asset Management managing director Kathy Lien said the Aussie was under pressure throughout the north …

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