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Australia dollar

Australia dollar latest

Australia dollar
May 8th, 2024 - 06:52 GMT

Australia dollar undermined due to fading rate hike chances

The Australian dollar was nursing losses on Wednesday after the country's central bank quashed market talk of a near-term rate hike, though it also didn't hold out much chance of a cut for months to come. The Reserve Bank of Australia's belief that rates were at the right level for now pulled bond yields lower and led futures to slash the probability of a rate rise to 13%, from 40% ...
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