The Australian Dollar fell as traders were forced adjust their positions after the RBA cut its key interest rate in the face of a global slowdown of demand for Aussie goods.
THE TAKEAWAY: Reserve Bank of Australia Unexpectedly Cut Cash Rate to 3.75%, Policy Statement Dovish > Fears of Global Growth Slowdown Return, Leading Traders to Adjust Portfolios > AUDUSD Drops on Catch Up in Sell Off of Other Risky Assets
0 comments:
Post a Comment