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Dollar not far from 2-week high

The dollar stepped back in Asian trade on Thursday but held close to a two-week peak against a basket of major currencies as investors focused on the pace of the U.S. Federal Reserve's coming interest rate hikes.
Source: Reuters
Dollar not far from 2-week high

The dollar stepped back in Asian trade on Thursday but held close to a two-week peak against a basket of major currencies as investors focused on the pace of the U.S. Federal Reserve's coming interest rate hikes.
Source: Reuters
China's factory activity shrinks for third month

The HSBC flash Purchasing Managers' Index came in at 49.1, worse than expected and reinforcing views of more monetary stimulus to come.
Source: CNBC.com | By: CNBC.com staff
Shanghai Comp, Nikkei outperform on US records, China reforms

Shanghai and Tokyo equities were the star performers in Asia on Tuesday, drawing support from the closing highs on Wall Street and a flurry of supportive measures out of Beijing.
Source: CNBC.com | By: See Kit Tang
Aussie conservatives deliver soft budget proposals

Australia's conservative government delivered budget proposals that were light on radical reform but heavy on pledges to return to surplus.
Source: Reuters
BHP cuts production costs, response to metal price

BHP Billiton, said it would slash its iron ore production cost further and cut spending to better withstand a downturn in commodity prices.
Source: Reuters
Why Aussie will still weaken without rate cuts

The Reserve Bank of Australia (RBA) may have removed its easing bias, but that's not enough to avert a slide in the Aussie dollar, analysts say.
Source: CNBC.com | By: Ansuya Harjani
GLOBAL MARKETS-Asian shares slip, Aussie dollar volatile after rate cut, China concerns

HONG KONG, May 5- Asian stock markets retreated on Tuesday and the Australian dollar stumbled after the central bank cut interest rates for the second time in four months as the region's growth falters in the face of slowing demand from China. Financial spreadbetters expected European markets to open mixed, with Britain's FTSE 100 likely to open 0.7 percent...
Source: Reuters | By: Saikat Chatterjee
GLOBAL MARKETS-Asian shares falter, Aussie dollar volatile after rate cut

HONG KONG, May 5- Asian stock markets retreated on Tuesday and the Australian dollar briefly fell after the central bank cut interest rates for the second time in four months as the region's growth falters in the face of slowing demand from China. "Cautious and uncertain households mean rate cuts are less effective today," said Jasmin Argyrou, senior investment...
Source: Reuters
Is Australia done with rate cuts?

The RBA on Tuesday cut interest rates for the second time this year, but its upbeat statement could mean no more moves in a while, analysts say.
Source: CNBC.com | By: Li Anne Wong