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How to Trade Australia's Interest Rate Move
Australia's central bank is likely to cut interest rates in the next few hours. Here's how to trade the move. Australia has been contending with a passel of discouraging news, from disappointing domestic economic reports to signs of a slowdown in China. The impending interest rate decision from Australia's central bank has the potential to add to the pressure on the Australian dollar, [AUD=X 0.9767 0.0047 (+0.48%) ] says Amelia Bourdeau, director of foreign exchange at Westpac Institutional Bank. "Economists believe that there will be a 25 basis point cut this evening, but interest rate futures are pricing in a ... (full story)
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