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AUD/USD Steady around 0.72 after RBA Sits

The Reserve Bank of Australia held its key cash rate at 2 percent, saying that the prospects for an improvement in economic conditions had “firmed a little over recent months.” The central bank said that its board members had observed that the inflation outlook could afford scope for further easing should it be required to …

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UBS: Australian Dollar Could Hit US80 cents

The Australian dollar is widely tipped to remain under pressure this year, but a leading fund manager warns investors risk missing a possible sharp rebound in the currency, which could lead to a rally towards US80¢ as global interest rates remain stuck at record low levels. David Sokulsky, UBS Wealth Management head of investment strategy, …

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