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AUD/USD lower after China rate cuts, RBA minutes
The China rate cut news is here:PBOC Loan Prime Rates (LPR) CUT: 1-year 3.55% (prior 3.65%) & 5 year 4.20% (prior 4.30%)And a lower yuan at the reference rate setting:PBOC sets USD/ CNY central rate at 7.1596 (vs. estimate at 7.1630)And the Reserve Bank of Australia minutes:RBA June minutes: Wage rises higher than expectedThe combined impact has been a drop lower for AUD/USD. On China, the rate cut today would appear to be the last of the expected stimulus moves. While some fiscal/regulatory sti...
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Posted: Jun 20 2023, 01:54
Author Name: forexlive
Views: 110646