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Australian consumer confidence (pdf) plummets 8.3% in July as the EU debt crisis and a series of...

Australian consumer confidence (pdf) plummets 8.3% in July as the EU debt crisis and a series of RBA rate hikes take their toll. "Such large falls have typically been associated with a major event ... Lehman, or recession fears," says Westpac economist Bill Evans. The aussie sinks nearly 0.5% before bouncing back on the strong China data.
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