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Home | Australian Dollar Slides after RBA Rate Cut but Risk Trends Critical |
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Australian Dollar Slides after RBA Rate Cut but Risk Trends Critical
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- November 01, 2011
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As expected by both the markets (pricing in an 85 percent probability) and economists (16 of 27 polled by Bloomberg); the Reserve Bank of Australia cut its benchmark lending rate by 25 basis points to 4.50 percent. This was the first move from the central bank in a year (they hiked last November) and the [...]This article (Australian Dollar Slides after RBA Rate Cut but Risk Trends Critical) was originally developed by and is property of American Banking News. Checkout American Banking News for up-to-date banking news and peer to peer lending news.
- Read more at:http://www.americanbankingnews.com/2011/11/01/australian-dollar-slides-after-rba-rate-cut-but-risk-trends-critical/
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