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Tuesday, July 7, 2020

RBA Keeping the Monetary Policy Unchanged


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The Reserve Bank of Australia (RBA) kept the cash rate unchanged at 0.25% as it released its monetary policy decision today. The decision, highly expected, did not have an influence on the currency market’s volatility, although the Australian Dollar (AUD) reacted weakened somehow shortly after. 

The RBA and the Australian Dollar (AUD)
The Australian economy is for the first time in a recession following decades of economic growth. At one point, Australia was the envy…

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