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Post# of 363806
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nlightn

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nlightn

Re: nlightn post# 244624

Tuesday, 05/05/2015 6:16:03 AM

Tuesday, May 05, 2015 6:16:03 AM

Post# of 363806
Australia cuts benchmark rate to record low

Asian stock markets retreated today after Australia's central bank cut interest rates for the second time in four months, lowering its cash-rate target to a record low 2.0% from 2.25%.

Although the economy is showing signs of improvement, the new move will reinforce economic growth in the face of falling commodity prices and a China slowdown.

The Australia dollar also fell sharply following the announcement, hitting $0.7801, before rebounding to $0.7906 (+0.9%).

invest at your own risk, based on your own due diligence, at your own risk tolerance

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