Aussie gains as RBA cut its key rate to 3%

Source: Bloomberg
© Scanpix/Reuters
The Australian Dollar strengthened versus all its major peers after the RBA cut the key interest rate from 3.25% to 3%, which was widely expected by economists. The Aussie Dollar gained 0.3% to $1.0449 at 2:57 p.m. Sydney time after falling 0.5% during the previous 3 sessions. The New Zealand Dollar rose 0.3% to 82.31 U.S. cents. 
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