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AUD/USD blipped higher as the RBA cut the....>

AUSSIE
AUSSIE: AUD/USD blipped higher as the RBA cut the cash rate by 25bp to 0.25%,
bringing it to the effective lower boundary, and pledged not to raise it until
there's progress towards full employment & the Bank is confident that inflation
reaches the target band. The RBA deployed a QE programme, targeting the 3-Yr
yield of around 0.25%. 
- AUD/USD has already faded the reaction move & hovers just above lows, that is
-207 pips at $0.5566. It has earlier printed its worst level since 2002,
$0.5510. Bears look for a deeper slump, through the $0.5500 mark & towards the
lower 3.0% Bollinger band at $0.5486.

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