Aussie Pares Drop of as Much as 0.6% After RBA Cuts Rates: Chart

Australia’s decision on monetary policy triggered an initial slide for the currency. The Aussie dollar fell as much as 0.6 percent after the Reserve Bank lowered interest rates to a fresh record low, before trading down 0.1 percent about 20 minutes after the announcement. Swaps traders saw a better than 70 percent chance that the cut would occur.

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