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Trading the Australian Interest Rate Decision December 5th, 2011
The Reserve Bank of Australia is scheduled to announce interest rate decision at 3:30 am London time on December 6th. Markets are pricing in a 25 basis cut at the time of writing this report. The interest rate will decision will be followed by the RBA statement from Governor Glenn Stevens which will shed further light in to the state of affairs in Australia. Australia has one of the highest interest rates among the developed economies at 4.5%. In the past thirty days, the AUDUSD has dropped over 900 pips. The AUDUSD falls during times of risk aversion. Recent Australian economic developments to take in consideration ... (full story)