Australia’s Dollar Falls After Reserve Bank Reduces Cash Rate to 4.25%

The Australian dollar weakened after the Reserve Bank of Australia reduced its key cash rate target by 25 basis points to 4.25 percent.

The so-called Aussie slid 0.6 percent to $1.0213 as of 2:32 p.m. in Sydney.

To contact the reporter on this story: Mariko Ishikawa in Tokyo at mishikawa9@bloomberg.net

To contact the editor responsible for this story: Rocky Swift at rswift5@bloomberg.net

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