Flucations In The Australian Dollar

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In resent times interest rates have been subject to three cuts. One on February 7th that cut interest rates from 6.25% to 5.75% down half a percent, another on March 7th this time down a quarter of a percent and finally on April 4th were it was cut once more by half a percent down to 5%...
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This was the government's intervention into kick starting the economy; to inturn get people spending, creating a demand for the Australian dollar by, building more homes. This process takes time to react, around twelve to eighteen months, therefore the interest rate cuts have not so far affected the dollar...
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