Tue, 05 Jun 2012 11:03:20 GMT
Australian cash rate down
The Reserve Bank of Australia decreased the cash interest
rate to 3.5 percent, from 3.75 percent in an attempt to protect the economy
from growing global risks. On this news the aussie added 0.34 percent, reaching
97.61 U.S. cents. S&P/ASX 200 index extended earlier gain by 1.3 percent to
4035.50. The cash rate has been already cut in May by unexpectedly-high 0.5
percent. This decrease