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Australia Intervenes in Forex Market, Spends Record 3 Billion to Boost Currency (Euro Open) (Daily FX via Yahoo! Finance)

20th November 2008

Australia Intervenes in Forex Market, Spends Record 3 Billion to Boost Currency (Euro Open) (Daily FX via Yahoo! Finance)

posted in News |

The Reserve Bank of Australia spent a record-breaking 3.15 billion to intervene in the forex market and support the value of its currency. Japanese exports dropped by the largest amount in nearly seven years, pushing the Trade Balance into deficit.

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