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  1. Australian Dollar Falls After RBA Monetary Policy Statement, China CPI Data

    by , 05-09-2014 at 10:00 AM
    The Australian dollar weakened against the other major currencies in the Asian session Friday and held steady thereafter, after the Reserve Bank of Australia said it would continue to keep its accommodative monetary policy some more time and as China's consumer price inflation slowed in April.

    In its monetary policy statement, the RBA reiterated its commitment to hold interest rate unchanged for the foreseeable future.

    The board's outlook on inflation suggests that ...
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