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Aussie Dollar Rallies as RBA Leaves Interest Rates on Hold;

posted by Avatar spreadbetman 107 days ago in Technical, Fundamental, Sentiment made popular 107 days ago

Markets experienced a jolt overnight as the Reserve Bank of Australia surprised markets at its latest monetary policy meeting and left interest rates unchanged at 4.25%. Consensus estimates were calling for a rate cut of 25 basis points, so the surprise in the decision sent regional equities and the Australian Dollar (AUD) rallying higher.
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