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The aussie motors right through RBA Deputy Governor Philip Lowe's observation it is...

The 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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