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AUD/USD chopped higher on the as expected RBA rate cut announcement

The Reserve Bank of Australia has finally joined its global peer central banks in cutting rates. Well, once. It’s a start:

Check out that post for the details. It’s a ‘hawkish’ cut to the extent that its not indicating a rapid cutting cycle ahead. Not at all.

AUD/USD update:

This article was written by Eamonn Sheridan at www.forexlive.com.

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