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The RBA surprises about half of the prognosticators, keeping its benchmark rate steady at 3.25%....

The RBA surprises about half of the prognosticators, keeping its benchmark rate steady at 3.25%. The statement though, is not exactly a hawkish one, and the bank mentions the aussie as "higher than might have been expected, given the observed decline in export prices and the weaker global outlook." The ASX 200 +0.2%. The aussie +0.6%, and buying $1.0428.
Comments (1)
  • sunwriter
    , contributor
    Comments (9) | Send Message
     
    Just goes to show...the pundits got it wrong...again.
    Should have gone the contrarian way.
    6 Nov 2012, 02:36 AM Reply Like
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