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Australian Dollar Outlook - 21 July 2014

Bell FX Currency Outlook: The Australian Dollar has started this week just under the .9400 mark as most of the volatility in financial markets which increased after the Malaysian Airlines disaster and the escalation of the conflict in Gaza dissipated.
The receding water line of Lake Hodges is seen in San Diego County January 17, 2014.

Climate Change Made 2013 New Zealand's Warmest Winter on Record

New Zealand had the warmest winter on record in 2013. According to the State of the Climate 2013 report released by the American Meteorological Society, some of the countries in the Southern Hemisphere including New Zealand had 2013 as the one of their warmest years.
Leaders of BRICS and UNASUR attend the summit

BRICS Create Development Bank to Rival IMF, World Bank

Emerging super nations BRICS (Brazil, Russia, India, China and South Africa) have finally made good a plan flaunted in 2012 to establish a BRICS development bank that could rival and possibly topple the IMF and World Bank.
An armed pro-Russian separatist

Ukraine and Russia Point Fingers At Each Other And Deny Responsibility Following Deadly Attack on Malaysia Airlines MH17

Just hours after Malaysia Airlines flight MH17 was reported to have lost contact from Ukraine Air Traffic Control and was the wreckage was found spread over several kilometres in the Donetsk area of Ukraine, Ukrainian officials have declared that the incident was carried out by people that they refer to as terrorists. Meanwhile, Russia has given the blame to actions made by the Ukrainian Government against Pro Moscow separatist groups.

Kim Dotcom May Sue New Zealand Spy Agency for Illegal Surveillance

Internet mogul Kim Dotcom is now thinking about suing New Zealand's spy agency for "illegal; surveillance." According to reports, the Independent Police Conduct Authority (IPCA) has found the police were justified in not pursuing any of the Government Communications Security Bureau (GCSB) officers for an illegal spying operation.
U.S. one-hundred dollar bills are seen in this photo illustration at a bank in Seoul August 2, 2013. Picture taken August 2, 2013.

Australian Dollar Outlook - 18 July 2014

Bell FX Currency Outlook: Amid the geopolitical developments the AUD held its ground near 0.9380 after the Malaysian Airlines news hit the screens, but late in the US session the AUD lost ground and is now nearer 0.9340.
Tony Abbott

Australia Repeals Carbon Tax Law; Labor Promises to Revive Levy

Australian Prime Minister Tony Abbott finally fulfilled his campaign promise on Thursday, July 18, to repeal Julia Gillard's carbon tax law. To do that after two years when the tax was collected, the PM had the backing of the new crossbenchers in the Senate, along with the Palmer United Party. Thirty-nine legislators voted to repeal the carbon tax, while 32 Labor and Green members opposed the repeal.
A boy hugs a tree as he takes cover after strong winds brought by Typhoon Rammasun, locally called  Glenda, battered the capital, metro Manila July 16, 2014.  Philippine authorities evacuated almost 150,000 people from their homes and shuttered financial

In Photos, Typhoon Rammasun Blasts the Philippines

Typhoon Rammasun, now on its way to strike southern China and northern Vietnam, forced over 400,000 people in the Philippines to evacuate and seek higher and safer grounds on Tuesday till Wednesday.

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