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Aussie Dumped on Rate Surprise, Rest of Majors Consolidate

posted by Avatar fx360 844 days ago in AUD, Daily

A quiet range bound session in overnight trade today with the exception of the Aussie which was shellacked for more than 100 points in mid day Asian trade today after the RBA shocked the market by keeping interest rates at 3.75% versus expectations of another 25bp rate hike. The RBA completely wrong footed the market which had assigned a 79%
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