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Australian Dollar trims gains as US Dollar appreciates due to risk aversion
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The Australian Dollar received support from the hawkish mood surrounding the RBA. China’s Consumer Price Index rose by 0.6% YoY in August, up from 0.5% in July but below the market consensus of 0.7%. The US Dollar receives support due to rising uncertainty over the likelihood of an aggressive Fed rate cut in September. The Australian
Cuba slashes size of daily bread ration as ingredients run thin
- cnnnews
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HAVANA (Reuters) – Cuba’s communist-run government on Monday slashed by a quarter the weight of its subsidized ration of daily bread, the latest shortage to strain a decades-old subsidies scheme created by the late Fidel Castro. The bread, one of a handful of still subsidized basic food products in Cuba, will be reduced from 80