Source: Advanced Currency Markets |
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AUDUSD has powered higher overnight as the RBA shocked the market by keeping interest rates on hold at 4.25%. The consensus view was that the Australian central bank would opt to cut rates by 25bps for the third time in a row; but instead, policymakers deemed the current interest rate appropriate for now. It is likely that RBA members wish to allow the effect of the last two cuts to feed through… | ||||||||||||||||||||
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