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RBA rated a 40pc chance of cutting interest rates, Dow Jones recovers from 471-point plunge
At 7:05am (AEST), ASX futures rose 39 points, or 0.6 per cent, which suggests a higher open for the local market. The Australian dollar was weaker at 69.82 US cents. In economic news, the Bureau of Statistics will release its retail sales and trade balance figures for March at 11:30am (AEST). Reserve Bank may cut interest rates The Reserve Bank will decide on interest rates at 2:30pm (AEST), and there is a roughly-even chance of a rate cut, which would be the first time they have changed in nearly three years. Since the last move in August 2016, the official cash rate has remained steady at a record low 1.5 per cent. ... (full story)