| The Australian dollar is higher, helped by gains in commodity prices and expectations the Reserve Bank won’t be cutting the cash rate again. The dollar was worth US79.45 cents at noon (AEST), up from US78.69 cents yesterday.
The Aussie has pushed higher since the Reserve Bank yesterday cut the cash rate for the second time this year, but gave no indications it is looking to cut further. Data out today showed retail spending rose 0.3 per cent in March, slightly below expectations...............................................Full Article: Source
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