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Australian dollar breaches US96c as US budget Ugg boots outlet battle weighs on greenback
THE political battle over the US budget has taken its toll on the greenback,[url=http://www.ugg-boots-sale.org]cheap ugg[/url], pushing the Australian dollar above 96 US cents. At 7am AEDT, the local unit was trading at 96.28 US cents - its highest point since June 13 - up from 95.52 cents at yesterday s close.The greenback came under pressure after US politicians passed a last-minute budget bill to temporarily rais #file_links[D:\keywords13.txt,1,[url=http://www.ugg-boots-sale.org]cheap uggs[/url],S] e the US debt ceiling and reopen the government.The sell-off hastened on reports that Chinese ratings agen #file_links[D:\keywords15.txt,[url=http://www.ugg-boots-sale.org]ugg outlet[/url],1,S] cy Dagong downgraded US debt from A to A-, BK Asset Management managing director Boris Schlossberg said. The move was no doubt self-serving and part of a broader Chinese campaign to de-Americanise' global trade as China attempts to ascend to reserve currency status, but the move nevertheless provided the fuel for further US dollar liquidation,'' Mr Schlossberg said. The markets are uncertain about the long-term impact of the government shutdown on the US economy. At the very least, the shutdown saga has insured that the US Federal Reserve is likely to maintain its quantitative easing policy into the year end and perhaps even all the way to March of 2014 before US monetary officials feel comfortable enough to curtail stimulus. Such a scenario is likely to keep the US dollar under pressure for the time being, especially if US economic data shows significant weakness as a result of the political machinations of the past two weeks.'' SCHOOL funding from federal and state governments doubled o #file_links[D:\k #file_links[D:\keywords14.txt,1,S] eywords12.txt,1,S] ver the past two decades but has failed to raise standards in student performance. AUSTRALIA Post has rung the alarm on the swelling cost of basic mail services as the Abbott government reviews public services. BILL Shorten has promoted close supporters to key positions in his first frontbench. TWO senior members of the Finks are in jail for refusing to answer questions in star chamber hearings. THE three-way takeover battle for Warrnambool Cheese Butter could yet turn into a four-horse race. 'Communications Minister Malcolm Turnbull is focused on the NBN and is not keen on risking political capital' MURRAY Goulburn boss Gary Helou yesterday donned his national champion cloak as threw the battle for Warrnambool Cheese wide open. THE three-way takeover battle for Warrnambool Cheese Butter could yet turn into a four-horse race. NIKKI Williams has a natural flair for fashion and art, describing her style as flamboyant . But don't be fooled. CALVIN Zhu knew how to travel in style. In 2011, he flew around the world #file_links[D:\keywords11.txt,1,S] as the chief investment officer of the Hanlong Group. QANTAS is tipped to slide back into a FY loss as a result of a fall in fare yields unveiled yesterday by chief executive Alan Joyce. THE S P 500 hit a new record as quarterly profits from Google, GE and other large companies topped expectations. CATHY McGowan's ousting of Liberal frontbencher Sophie Mirabella holds lessons that go far beyond her rural Victorian electorate. NIGEL Scullion and Warren Mundine are engaging with remote communities to see their problems first hand. OPERA Australia is set to stage Neil Armfield's eco-aware interpretation of Wagner's masterwork.
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