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View Full Version : Australia Unexpectedly Cuts Key Rate by Half Point - Bloomberg



NewsWhore
05-01-2012, 12:40 AM
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Bloomberg (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGPvuGOjxv2MPnObf4U9mm5_SnMVQ&url=http://www.bloomberg.com/news/2012-05-01/australia-unexpectedly-cuts-key-rate-by-half-point.html)


Australia Unexpectedly Cuts Key Rate by Half Point (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGPvuGOjxv2MPnObf4U9mm5_SnMVQ&url=http://www.bloomberg.com/news/2012-05-01/australia-unexpectedly-cuts-key-rate-by-half-point.html)
Bloomberg
Currency's Fall After the decision, the local dollar weakened to as low as $1.0331 from $1.0413 before the announcement. Ten-year note yields declined as much as 14 basis points to 3.536 percent. The nation's S&P/ASX 200 Index added 1.2 percent.

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