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The aussie gains 0.5% to $1.0474 in the face of the RBA cutting rates to the record-low 3% they...

The aussie gains 0.5% to $1.0474 in the face of the RBA cutting rates to the record-low 3% they stood at during the financial crisis. What gives? Three percent may be low, but it towers over rates in other developed nations, so the aussie will continue as the favored "buy" part of the carry trade. Also, maybe it's another signal the commodity boom is just taking a breather.
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