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European Session: RBA Hikes Rates Again But Moderates Hawkish Tone
11/03/09 by Daily Forex Snapshots
Filed under Forex & Futures
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The major news overnight has been the RBA meeting where rates were raised 25bps to 3.50% as expected. AUDUSD had ground gradually higher in anticipation of the announcement, but sold off from 0.9090 to 0.9007 after the release as the supplementary statement sounded a moderately less hawkish tone. The statement removed previous comments that the “very expansionary setting” of current rates was… | ||||||||||||||||||||
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