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Sharemarket closes in the red

2015-02-19 09:16:22| Agriculture - Topix.net

The Australian sharemarket finished in the red as missed earnings forecasts offset relief over the US Federal Reserve's backtracking over hints of a rate rise before mid-year. In late afternoon trade the Australian dollar fell US0.5A to US77.90A on reports ratings agency Standard & Poors had warned Australia's AAA rating was at risk because of the Federal Budget constraints.

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