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Australian dollar slumps to 10-year low

The Australian dollar has hit a 10-year low against the US dollar, after New Zealand's central bank surprisingly cut interest rates by half a per cent — a move which no economist forecast.

Australian dollar slumps to 10-year low
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  • Shared by ABC
  • August 08, 2019
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While 18 out of 21 economists surveyed by Reuters forecast an interest rate cut, they all expected a 25-basis-point move. Three others expected no change.

Read more at the ABC

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