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#1
03-02-2015, 03:20 PM
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Australian dollar almost on par with Sinkie dollar
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. 
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