EncoreFX’s daily market updates are written by our experienced and professional dealing team.
Author: Dennis Li
We saw the Aussie remain steady after the RBA held rates unchanged at the record low of 1.5% for the 26th month yesterday afternoon. However it fell by 0.87% against the USD following the worsening tensions between Italy and the EU over Italy’s budget deficit and a general risk off sentiment pervading the global markets at the moment.
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