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View Full Version : Australian Dollar Pares Decline as RBA Lowers Benchmark to 3% - Bloomberg



NewsWhore
04-07-2009, 04:42 AM
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Australian Dollar Pares Decline as RBA Lowers Benchmark to 3% (http://news.google.com/news/url?sa=T&ct=us/3-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601081%26sid%3Da7ppJ3lqFF8g%26refer%3Daustralia&cid=1327279537&ei=NQXbSab-BZuoM9WV-Z8G&usg=AFQjCNFnVnyWf698VAWEoaPaZDfDZWdSiQ)
Bloomberg
New Zealand’s currency slipped. The Reserve Bank of Australia trimmed borrowing costs to a 49-year low, extending the most aggressive cycle of cuts to join policy efforts worldwide he said “should help contain the downturn.” Traders had bet the bank ...


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