Detailed text transcripts for TV channel - CNN - 20110503:08:04:00
Dollar didnt last very long. here in az qua, min asia, marke closed today. in australia, bonds getting a boost. central bank maintained 4.75%. most of todays market action centered on independent qua where interest rates have been raised by half a one percentage point in a bid to curve escalating inflation. theres a pretty big selloff, down 1.7%. there had been expectations it there would be a rate rise, but came in half at one percent which is bigger than expected and that prompted the selloff....
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