Breaking: RBA cut interest rates, AUD/USD drops

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Australia RBA Interest Rate Decision meets forecasts (1%)

Australia RBA Interest Rate Decision meets forecasts (1%)
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RBA cuts interest rate to a record low level of 1.0%, AUD/USD holds steady

The Reserve Bank of Australia (RBA), as was widely expected, decided to cut interest rates for the third month in a row to a historic low level of 1.0
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