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23 Jun 2015
Rate cuts have been effective in lowering AUD – RBA’s Edwards
FXStreet (Mumbai) - The Reserve Bank of Australia (RBA) board member John Edwards said on Tuesday that interest rate cuts have been effective in lowering the Australian dollar.
Edward’s comments are hardly surprising, since the RBA members have repeatedly said that further depreciation in the AUD is necessary and likely. The AUD/USD has not reacted to Edward’s comments, as it trades at 0.7730 after rebounding from 0.77.
Edward’s comments are hardly surprising, since the RBA members have repeatedly said that further depreciation in the AUD is necessary and likely. The AUD/USD has not reacted to Edward’s comments, as it trades at 0.7730 after rebounding from 0.77.