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Aussie falls as RBA opts for an extended pause

The good news for the aussie is that the decision today isn't as surprising to markets, as traders were already pricing in roughly 66% odds that the RBA will leave the cash rate unchanged. As such, we're only seeing a modest drop in AUD/USD from around 0.6695 before the decision to around 0.6660 currently.This was RBA governor Philip Lowe's second last meeting and it sure looks like they will be keeping policy unchanged all the way through until the end of his tenure in September. That is barri... Read More

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Aussie

Falls

Opts

Extended

Pause

Forex

Posted: Aug 1 2023, 04:47

Author Name: forexlive

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