Wednesday, December 03, 2008
Australian, New Zealand Dollars Hold Up Despite RBA Rate Cut, Japanese Yen Slips as Dow Gains 3.3%The
Australian dollar and New Zealand dollar both managed to edge higher on
Tuesday despite the Reserve Bank of Australia’s 100bp rate cut on
Monday evening to 4.25 percent.While AUD/USD did initially spike lower, indications that the RBA would take a more neutral stance in coming months allowed the... [read more]
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