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AUD/USD Retreats As RBA Mulls Further Rate Cut

Discussion in 'Technical Analysis' started by Kaitlin, Jul 20, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Early on Tuesday, the Reserve Bank of Australia (RBA) released minutes of its most recent policy meeting. Speculation has subsequently increased that the central bank could move to lower interest rates below the current 1.75% early next month, which would place substantial pressure on the Australian dollar. Rates were cut[​IMG]

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