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Forex: AUD/NZD cracks 1.20 on outright offers post RBA

Following the unprecedented move by the RBA to cut by another 0.25 bp to now set the official benchmark interest rate at 2.75%, the lowest since records began in June 1959, the AUD/NZD is succumbing below the psychological 1.20 number, reaching a fresh 3 ½ year low at 1.1948.
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