Tag Archives: Australian Dollar
RBA Surprises the Market with Interest Rate Decision
Posted on04. Mar, 2009 by admin.
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The Australian Dollar has seen particularly heavy volatility due to major economic events in the Aussie economy the past two days. Yesterday the Reserve Bank of Australia (RBA) held its cash rate steady at 3.25%, taking the markets by surprise. Economists had forecasted a 25 basis point cut in the Aussie Interest Rate which the [...]
