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View Full Version : RBA Saw No Pressing Case for Australian June Rate Cut - Bloomberg



NewsWhore
06-16-2009, 12:30 AM
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RBA Saw No Pressing Case for Australian June Rate Cut (http://news.google.com/news/url?sa=T&ct=us/4-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601068%26sid%3DaOwJOxDrKbXs&cid=1261545732&ei=sxQ3SrC6AZfzmQfb9qCMCA&usg=AFQjCNF7gVXccVWlEaObnru04AN_tKWHTg)
Bloomberg
The Australian currency&#39;s recent appreciation, particularly against the US dollar, has “reduced the stimulus to the economy coming from the earlier depreciation,” today&#39;s minutes said. Australia&#39;s dollar climbed about 7 percent against a trade- ...


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