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Australia#8217;s central bank said yesterday it may follow its peers in cutting interest rates if the global economy did not improve, shifting to an easing bias from a neutral stance in place since last November.
THE euro strengthened further against other major currencies yesterday as investment money poured into euro deposits following the European Central Bank's (ECB) decision to leave interest rates unchanged at 2.5%.
THE euro and the Australian dollar continued to strengthen against the US dollar yesterday as investment money looked for better-yield assets. In early London trade, the euro hit a four-year high of US$1.1073, and the Aussie a three-year high of 62.19 US cents.