Daily Report: Aussie Rebounds as RBA Rules Out Rate Cut, Yen Dominates on Risk Aversion

8:53 PM No Comments

Australian dollar recovers today after RBA left rates unchanged at 2.50% as widely expected. Most importantly, the central noted in the statement that "on present indications, the most prudent course is likely to be a period of stability in interest rates." That is, the RBA is somewhat ruling out the



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