Reserve Bank lowers interest rates to lowest ever point | ABC News

The dollar popped up at 2:30 even though interest rates were cut, because by the time the decision was announced, markets were pricing a 56 per cent chance of a half per cent cut, so a lot of traders had to quickly adjust their positions when it turned out to be only a quarter of a per cent.

Read more here: https://www.abc.net.au/news/2020-03-03/reserve-bank-slashes-interest-rates-over-coronavirus/12020950

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