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SYDNEY [url=http://www.cheapairmax2018nz.com/nike-air-max-270.html]cheap nike air max 270 nz[/url] , Dec. 17 (Xinhua) -- The Australian dollar has risen above 72 U.S. cents from subdued market reaction to the U.S. Federal Reserve's first interest rate hike in almost a decade.
At 0700 local time (AEDT) on Thursday, the local unit was trading at 72.56 U.S. cents, up from 72.06 cents at Wednesday's Asian close.
The U.S. dollar initially gained when the central bank raised the funds rate by 25 basis points to between 0.25-0.50 percent, sending the Aussie lower to 71.11 U.S. cents after the announcement.
The Aussie quickly recovered as the U.S. was sold off given the only uncertainty was the pace and trajectory of rate increases, which the Federal Reserve left the upper-bound rate unchanged at 1.25 percent for 2016 while maintaining their projection of a "longer run" 3.5 percent funds rate.
"By and large the Fed has delivered on market expectations, hence a fairly muted reaction [url=http://www.cheapairmax2018nz.com/nike-air-max-270.html]nike air max 270 nz[/url] ," Ray Attrill, National Australia Bank's global co-head of FX strategy, said in his morning note.
Historically, the Aussie has usually out-performed most currencies as the U.S. central bank begins lifting interest rates, however the downward pressure from the disconnect with commodity prices suggests the track record will be tested.
"We suspect that when the dust settles on the Fed's pronouncements (not that much has been stirred up so far) the U.S. dollar will gain a little more traction -and with that the Australian dollar will drop back below 72 U.S. cents," Attrill said [url=http://www.cheapairmax2018nz.com/nike-air-max-2018/nike-air-max-2018-womens.html]nike air max 2018 womens nz[/url] , expecting the Aussie to trade near 70 U.S. cents in the coming weeks.
At 0927 local time (AEDT), the local unit was trading at 72.32 U.S. cents.
NEW YORK, Oct. 15 (Xinhua) -- U.S. stocks posted solid gains Thursday, as Wall Street assessed mixed economic data and positive earnings reports from big banks.
The Dow Jones Industrial Average gained 217.00 points, or 1.28 percent, to 17 [url=http://www.cheapairmax2018nz.com/nike-air-max-2018/nike-air-max-2018-mens.html]nike air max 2018 mens nz[/url] ,141.75. The S&P 500 jumped 29.62 points, or 1.49 percent, to 2,023.86. The Nasdaq Composite Index spiked 87.25 points, or 1.82 percent, to 4 [url=http://www.cheapairmax2018nz.com/nike-air-max-2018.html]cheap nike air max 2018 nz[/url] ,870.10.
The U.S. Consumer Price Index for all urban consumers decreased 0.2 percent in September on a seasonally adjusted basis, in line with market consensus, the Labor Department reported Thursday.
The index for all items less food and energy (core CPI) increased 0.2 percent in September after rising 0.1 percent in July and August. The core CPI has risen 1.9 percent over the past 12 months.
"While it may look like core inflation is moving towards that desired 2.0-percent mark with this report, the mix is not necessarily what the Fed expected," said Sophia Kearney-Lederman, an economic analyst at FTN Financial.
In a separate report [url=http://www.cheapairmax2018nz.com/nike-air-max-2018.html]nike air max 2018 nz[/url] , the department announced that in the week ending Oct. 10, the advance figure for seasonally adjusted initial jobless claims decreased 7,000 from the previous week's revised level to 255,000, below market estimates.
Meanwhile, the October 2015 Empire State Manufacturing Survey indicates that business activity declined for a third consecutive month for New York manufacturers. The headline general business conditions index edged up 3 points [url=http://www.cheapairmax2018nz.com/]www.cheapairmax2018nz.com[/url] , but remained negative at minus 11.4.
Some analysts thought that the mostly soft economic data supported the case for a rate hike delay.
In corporate news, shares of Citigroup Inc. surged 4.44 percent to 52.97 dollars apiece Thursday after the company delivered better-than-expected quarterly results.
The bank reported net income for the third quarter 2015 of 4.3 billion U.S. dollars, or 1.35 dollars per diluted share, on revenues of 18.7 billion dollars.
The Goldman Sachs Group, Inc. jumped 3.04 percent to 184.96 dollars apiece Thursday after posting quarterly earnings above estimates but revenues shy of forecast.
Overseas stock markets also increased broadly Thursday. European equities ended sharply higher, with French benchmark index CAC 40 rising 1.44 percent [url=http://www.cheapairmax2018nz.com/]nike air max nz[/url] , as investors shrugged off the downturn in oil prices.
In Asia, Chinese benchmark Shanghai Composite Index soared 2.32 percent on improving sentiment and expectation of more growth-supportive policies.
The CBOE Volatility Index, often referred to as Wall Street's fear gauge, fell 6.69 percent to end at 19.54.
In other markets, oil prices retreated as U.S. crude stockpiles increased more than expected.
The West Texas Intermediate for November delivery moved down 26 cents to settle at 46.38 dollars a barrel on the New York Mercantile Exchange, while Brent crude for November delivery decreased 44 cents to close at 48.71 dollars a barrel on the London ICE Future Exchange.
The U.S. dollar decreased against most major currencies as the economic data from the country came out mixed.
In late New York trading [url=http://www.cheapairmax2018nz.com/]cheap nike air max nz[/url] , the euro fell to 1.1384 dollars from 1.1478 dollars in the previous session, while the dollar bought 118.78 Japanese yen, lower than 118.82 yen of the previous session.
Gold futures on the COMEX division of the New York Mercantile Exchange as technical trading gave support to the precious metal after the release of inflation data.
The most active gold contract for December delivery moved up 7.7 dollars, or 0.65 percent, to settle at 1,187.50 dollars per ounce.
BOGOTA, June 24 (Xinhua) -- June 23 will be remembered in history as the day when the longest war on the American continent came to an end.
The armed conflict between the Colombian government and the guerrilla group the Revolutionary Armed Forces of Colombia (FARC) lasted over 50 years and left behind 7.5 million victims, including deaths, injuries, missing persons and displaced people. The historic ceasefire agreement reached Thursday between the government and the FARC represents hope that future generations in the South American country can live without the horrors of conflict.
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