Japan and Australia are still making efforts behind closed doors to conclude a free-trade agreement. Japanese tariffs on Australian beef are a major stumbling block in the talks.
Friday, February 14, 2014
USD, AUD Down, Rupiah Up
The US dollar fell after a surprisingly weak retail sales and jobs reports. The euro gained against the dollar as a result. Interestingly, the euro barely moved after Italy’s Prime Minister said he will resign on Friday, paving the way for a third administration in 12 months.
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