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Western Union:The Aussie dollar bounced above month and a half lows after Australia's Reserve Bank left its main interest rate at a record low of 2.0% and stopped short of maintaining a lower rate bias. The notion that r…

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EconoTimes — Reading the Times. Understanding the Future.

Western Union:

The Aussie dollar bounced above month and a half lows after Australia's Reserve Bank left its main interest rate at a record low of 2.0% and stopped short of maintaining a lower rate bias. The notion that rates have bottomed Down Under buoyed the Aussie. 

Markets, though, still see an elevated chance of another rate cut before year-end with leading trade partner China at risk of slowing further.

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