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Tuesday, 1 May 2012

DailyFX - Forex Market News: AUDUSD: Trading the Reserve Bank of Australia Interest Rate Decision

DailyFX - Forex Market News
Forex Market News
AUDUSD: Trading the Reserve Bank of Australia Interest Rate Decision
Apr 30th 2012, 19:45

Market participants are looking for a 25bp rate cut from the RBA amid the weakening outlook for the $1T economy, and the AUDUSD may face a sharp selloff should the central bank cast a highly dovish outlook for monetary policy.

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