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Moly Mines Limited T.MOL

Metals & Mining Industrial Metals & Minerals


TSX:MOL - Post by User

Moly Mines Limited
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Comment by derekcson Jan 30, 2011 11:16pm
295 Views
Post# 18048359

RE: AUS DOLLAR

RE: AUS DOLLAR

AUD/USD Sentiment

  • Australian Prime Minister Julia Gillard announced today a new tax to help pay for the flood relief.
  • The Australian Government pegged the cost of the flood recovery at $5.6B Australian Dollars and estimates the negative effect on economic growth at less 0.5%. Other Analysts estimate the cost of the recovery at closer to $20B Australian Dollars.
  • US Initial Jobless claims were higher than expected.
  • US Pending Home Sales for December were higher than expected, reaching 2.00%. The market had been expecting a rise of 0.8%, indicative of an improving economy.
If the 20 billion estimate is right, watch the AUS dollar plunge!!!! Thats one excuse MOL/Hanlong wont have
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