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Aussie down after RBA Meeting Minutes

Aussie was pushed lower this morning after RBA Meeting Minutes showed concern over the impact on domestic growth of the economic slowdown in China. "Members noted that the Chinese authorities had for some time been selling foreign exchange reserves to prevent the RMB from depreciating against the US dollar in the face of significant capital outflows," the RBA minutes said. Read more...

RBA left interest rates unchanged, eyes on China

aud/Australia left interest rates unchanged as a declining currency cushions the impact of lower commodity prices and a weaker outlook for key trading partner China. Reserve Bank of Australia Governor Glenn Stevens and his board kept the cash rate at a record-low 2 percent, as predicted by markets and economists following reductions in May and February. The currency has dropped more than 2 U.S. cents since the last meeting.
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RBA kept interest rates unchanged

Australia left its key interest rate unchanged Tuesday as a weaker currency aids local firms and soaring Sydney home prices argue against additional stimulus.Central bank Governor Glenn Stevens and his board kept the cash rate at a record-low 2 percent, as predicted by markets and economists following reductions in May and February. “The Australian dollar is adjusting to the significant declines in key commodity prices,” the Reserve Bank of Australia said in a statement. 
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Australian CPI rose 0.7% in Q2

Australian CPI rose 0.7% this quarter, compared with a rise of 0.2% last quarter. Analysts were anticipating 0.8% incline. It rose 1.5% over the last twelve months, compared with a rise of 1.3% through the year tothe previous quarter. Trimmed Mean CPI increased by 0.6%, in line with market forecasts.  Read more...

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