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Aussie higher after RBA keeps rates steady

At today's meeting Reserve Bank of Australia held interest rates steady at a record low 2% in what analysts said was likely a close decision. A slim majority of analysts expected the RBA to leave the cash rate unchanged at 2.0% with the market pricing in a 44% chance of a 25 basis points cut.
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Fed keeps rates unchanged, sets up possible December hike

The U.S. Federal Reserve kept interest rates unchanged on Wednesday, but downplayed global economic headwinds and left the door open to tightening monetary policy at its next meeting in December.nFollowing a two-day policy meeting, the central bank said it was still monitoring economic and financial developments abroad, but did not repeat that global risks would have a likely impact on the U.S. economy, as it warned at its last meeting in September.That omission marked a softening in tone compared to the Fed's statement last month.
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Aussie edged up in a quiet Asian trade

With no data releases from Australia this morning Aussie continued to raise after the PBOC reduced its two prime lending rates on Friday. The People's Bank of China cut its one-year benchmark bank lending rate, as well as its one-year deposit rate and the bank reserve requirement ratio on Friday night, Australian time, to boost spending. Read more...

All of Australia's big four banks have raised their variable interest rates

ANZ has joined its rivals in hiking standard variable interest rates, lifting rates for home owners by 0.18 percentage points to 5.56%. Earlier on Friday NAB announced a 0.17 percentage point raise to 5.6% to take effect from November 12. The move comes on the heels of the Commonwealth Bank's announcement on Thursday to push up its rate 0.15 percent to 5.6 per cent, and Westpac's 0.2 per cent lift to 5.68 percent last week.
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