Australian Economy

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Australia passes law to make tech-giants pay for news content

Australia has become the first company in the nation, making digital companies, Facebook and Google pay domestic news outlets for their content. The country has approved a new law that will require tech companies to pay publishers for news content. It is setting the stage for similar action in other countries. On February 25, parliament passed the …

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Aussie and other currencies

Aussie and New Zealand dollar rallied. What about euro?

The New Zealand dollar tumbled down briefly on Wednesday before surging forward to the highest point since April 2018. The country’s central bank highlighted patience over the timing of exiting ultra-easy policy settings, causing the currency’s rally. Other antipodean currencies soared, and the promise of extended easy monetary conditions worldwide bolstered traders’ appetite for riskier …

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facebook australia

Facebook bans Australia from sharing/reading news articles

Facebook announced it would ban users in Australia from sharing or reading news articles on its site. The announcement came just a day after the Australian government moved forward with a proposed law called the news media bargaining code. The law would require search engines and social media companies to pay media outlets for using …

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japanese yen

Japanese Yen, Australian And New Zealand Dollars Saw a Decline

The major Asia-Pacific currencies declined as the greenback strengthened. Some volatility made the Japanese Yen a less-attractive safe-haven while declining demand for the higher-risk Australian and New Zealand Dollars. There was little domestic data in Australia, New Zealand, and Japan to drive the price action. Still, the recent movement shows that traders are throwing their …

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pound, dollar

The pound and euro fell, the Australian dollar increased

On December 10, the pound extended its losses against the U.S. dollar and euro as investors became more cautious about the risk of the U.K. and the E.U. disagreeing on a Brexit deal. Significantly, they have just three weeks until the deadline. The British pound extended its fall in early London trading and fell by 0.6% …

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Dollar

The dollar fell, the Australian and New Zealand dollar rose

On November 27, the U.S. dollar declined in early London trading as it continued weekly loss against a basket of currencies. The greenback decreased by more than 2.2% during the month as global market sentiment increased on Joe Biden’s U.S. election victory and news of progress in coronavirus vaccines. That factors weighed on demand for …

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Yuan euro dollar pound

Forex News: Australian dollar falls, the euro rises

On November 26, the euro increased to a close three-month record, and the greenback went on the defensive on downbeat U.S. economic data and optimism about covid-19 vaccines. Investors looked for riskier assets tied to global commodities and emerging markets. Furthermore, the sterling reached its three-month record versus the greenback as traders also awaited details …

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