Aussie dollar remains strong after RBA rate cut
The Australian dollar rallied moderately this week, with AUD/USD rising to 1.0484 on December 4, following the decision by the Reserve Bank of Australia (RBA) to cut interest rates by 25 basis points to 3% – a rate that strategists expect the central bank to hold for the next six months.
"There are signs of easier conditions starting to have some of the expected effects, though the exchange rate remains higher than might have been expected, given the observed decline in export prices and the
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