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Canberra Today 24°/28° | Friday, March 29, 2024 | Digital Edition | Crossword & Sudoku

Dollar slumps at Reserve rate cut

The Australian dollar fell more than half a US cent after the Reserve Bank this afternoon cut the cash rate by 50 basis points to 3.75 per cent.

The local currency was trading at 104.09 US cents at 2.29pm,  just before the decision was announced, and fell to 103.50 US cents by 2.32pm.

 

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