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Australian Dollar declines after RBA hikes rates by 25 bps to 4.85%

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Australian Dollar declines after RBA hikes rates by 25 bps to 4.85%

The Australian Dollar (AUD) faces selling pressure against its peers after the Reserve Bank of Australia’s (RBA) interest rate decision. Against the US Dollar (USD), the Australian currency is down 0.25% to near 0.6975.

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