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RBA: Slightly less dovish than expected

By   || December 20, 2011 at 00:37 GMT
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The AUD/USD has rallied 20 pips after the RBA minutes which were slightly less dovish than expected. The statement that some factors did not suggest any strong need to cut rates will certainly have put some doubt in the minds of interest rates traders.

Sell orders near .9935 are capping the AUD/USD for now.

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