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The aussie motors right through RBA Deputy Governor Philip Lowe's observation it is...
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Thursday, December 6, 2012, 8:18 AM ETThe aussie motors right through RBA Deputy Governor Philip Lowe's observation it is "uncomfortably high." He notes the currency's strength as a reason business confidence isn't picking up despite 175 bps in rate cuts. No doubt helping the aussie overnight was an unexpected drop in the unemployment rate to 5.2%. The aussie +0.4% to $1.0494.
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