RBA Cuts Benchmark Interest Rate to 1.75%

Australia’s dollar slid after the central bank cut interest rates to a fresh record low, wrong-footing hedge funds betting on the currency’s strength, as well as a majority of economists. Bloomberg's Dan Petrie reports on "Bloomberg Markets Middle East." (Source: Bloomberg)

Full Show: What'd You Miss? (08/16)
16:20 - Guests include: Rafiki Capital's Steven Englander and Moody's Charles O'Shea. (Source: Bloomberg)
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