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RBA Maintains Current Policy Settings

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At its meeting today, the Reserve Bank of Australia Board decided to maintain its current policy settings. This includes targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points.

The AUDUSD has remained relatively flat on the news. The Aussie dollar was unable to sustain a move above the 0.715 level in late London session trading. As of 10 a.m. EST the pair is trading around the 0.7131 range, up 0.10% on the day.

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