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Australian Dollar initially dipped after RBA’s widely expected rate cut, but the move was short-lived as the currency quickly stabilized. RBA’s cautious tone on further easing provided underlying support for the Aussie. The central bank made it clear that while policy easing has begun, it is not committing to a rapid or continuous rate-cut cycle. […]

The post RBA’s Cautious Easing Leaves AUD Supported, USD/JPY Ready for a Bounce? appeared first on Action Forex.

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