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The Reserve Bank has left interest rate on hold at 2.5 percent, the level that's been at for the last ten months. The bank's board repeated that a period of stability in interest rate is likely with rates at the right level to foster sustainable growth. The Australian dollar has hold above 90 U.S. cents over the past couple of months despite a steep drop in iron ore prices. The board took note this normally, saying the dollar remains1 historically high.
The Australians have continued to spend at the shops with official figures showing retail2 sales have risen for the 12th month in a row. The All Euro Statistics show....figures show retail sales rose by a fifth of a percent in April after a rise of half of that margin3 in the month before. Saleing on the Australian sharemarket gained momentum4 in the late... late in the session. And the market has closed sharply lower. The All Ordinaries Index shed 39 points or 7 percent. The ASX 200 Index marched that fall.
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1 remains | |
n.剩余物,残留物;遗体,遗迹 | |
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2 retail | |
v./n.零售;adv.以零售价格 | |
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3 margin | |
n.页边空白;差额;余地,余裕;边,边缘 | |
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4 momentum | |
n.动力,冲力,势头;动量 | |
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5 bucked | |
adj.快v.(马等)猛然弓背跃起( buck的过去式和过去分词 );抵制;猛然震荡;马等尥起后蹄跳跃 | |
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