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03-02-2015, 03:20 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
SYDNEY (Reuters) - The Australian dollar tumbled more than a cent to a six-year low on Tuesday, after the Reserve Bank of Australia (RBA) cut interest rates to a record low of 2.25 per cent.
The Aussie dropped as far as $0.7665, from $0.7790, to show a loss of 1.7 per cent for the day. It was last at $0.7674.
The RBA reduced the benchmark cash rate from 2.5 per cent - already a historic low - in its first cut since August 2013, surprising many analysts.
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?199650-Australian-dollar-almost-on-par-with-Sinkie-dollar&goto=newpost).
SYDNEY (Reuters) - The Australian dollar tumbled more than a cent to a six-year low on Tuesday, after the Reserve Bank of Australia (RBA) cut interest rates to a record low of 2.25 per cent.
The Aussie dropped as far as $0.7665, from $0.7790, to show a loss of 1.7 per cent for the day. It was last at $0.7674.
The RBA reduced the benchmark cash rate from 2.5 per cent - already a historic low - in its first cut since August 2013, surprising many analysts.
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?199650-Australian-dollar-almost-on-par-with-Sinkie-dollar&goto=newpost).