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Australian Dollar Trades Near 2020 Highs Following Muted Reaction to RBA – DailyFX
The Australian Dollar held steady at yearly highs as the Reserve Bank of Australia opted to maintain the official cash rate at 0.25%.
Australian Dollar, RBA Interest Rate Decision, Stage-Four Restrictions, Iron Ore Talking Points:
- The Australian Dollar held steady as the RBA opted to maintain the status quo
- Falling Covid-19 cases may buoy regional sentiment as Victoria enters the last two weeks of stage-four restrictions
- Insatiable Chinese demand for iron ore could underpin AUD/USD rates
RBA Holds Steady as Economic Recovery Ensues
The Australia Dollar held steady after the Reserve Bank of Au…
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