RBA leaves interest rates unchanged

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The Reserve Bank of Australia (RBA) left interest rates unchanged at 2.5% while continuing to target the country's exchange rate, calling the Australian Dollar to be above its 'fundamental value'. Last month, the Aussie broke below the lows of 0.86 but managed to contain its losses. The daily charts show a possible bullish reversal with yesterday's daily candle closing as a spinning bottom. The...

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