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AUD/USD – Aussie Slides As RBA Surprises With Rate Cut

Discussion in 'Fundamental Analysis' started by Angela_Riplay, May 3, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The Australian dollar has dropped 80 points on Tuesday, reversing the upward trend which marked the Monday session. AUD/USD is trading at 0.7580 in the European session. In economic news, the RBA surprised the markets with a rate cut, lowering the benchmark rate from 2.00% to 1.75%. Australian Building Approvals[​IMG]

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