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AUDUSD: Trading the Reserve Bank of Australia Interest Rate Decision
The Reserve Bank of Australia is widely expected to lower the benchmark interest rate by 25bp to 4.00% in May, and we may see the central bank carry out its easing cycle throughout 2012 in an effort to combat the slowing recovery. According to Credit Suisse overnight index swaps, market participants see borrowing costs falling by more than 100bp over the next 12-months, and the RBA may embark on a series of rate cuts going into the second-half of the year as the fundamental outlook for the $1T economy deteriorates. The rise in private sector consumption paired with the jump in employment may allow the RBA to preserve ... (full story)
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billv
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billv
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billv
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