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Australian Dollar Holds Up Despite RBA Rate Cut, US Dollar Faces ISM Services Tomorrow (Forex Video)
Tuesday, 02 December 2008 21:42:10 GMT  |  Terri Belkas, Currency Strategist
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The Australian dollar held up despite the RBA's aggressive 100bp cut - why? US dollar faces ISM services on Wednesday, while the RBNZ is forecasted to slash rates by 150bps...

Stories to watch on DailyFX

·          The Federal Reserve doesn't have much room to cut rates further - will they resort to quantitative easing?
·          Renewed liquidity and volatility redefine trading opportunities in the FX market. What pairs are the DailyFX Analsyts looking at?

Send any comments or questions to tbelkas@dailyfx.com.

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