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As expected, the Reserve Bank of Australia reduced key interest rates by 25 basis points to 2.00 percent
After the announcement, the Australian dollar fell against its major rivals.
As of 12:31 am ET, the Australian dollar traded at 1.4240 against the Euro, 0.7816 against the U.S dollar, 93.93 against the yen and 1.0387 against the NZ dollar.
