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Posted by
Two Blokes May 22 -
Filed in
Forex
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3 views
UBS notes that the Reserve Bank of Australia (RBA) cut interest rates by 25 basis points to 3.85% on May 20th which was in line with expectations. The Australian dollar to Dollar (AUD/USD) exchange rate, however, dipped sharply to lows just below 0.6400 before a recovery to 0.6465.
