Aug 12, 2013
Flash: AUD/USD at 0.90 the new normal; RBA rate cuts cycle over - HSBC
The RBA cut its cash rate by 25bp to 2.50%, as HSBC Economists had expected. According to the Bank, "Markets are currently pricing in a further cut this year, and while this is possible, we are of the view that this cut is the last for this easing phase, as the lower AUD is doing a lot of the work."
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