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Aussie Dollar Jumps as RBA statement seems to remove easing bias

CMC Markets

Here is the final para of today's statement "In the Board's judgement, monetary policy is appropriately configured to foster sustainable growth in demand and inflation outcomes consistent with the target. On present indications, the most prudent course is likely to be a period of stability in interest rates." The Bank looks to be signalling that it is unlikely to change rates in the near term