Monday, September 1, 2008

TravelEx - 1 Sept 08 Monday

>>> Aussie


"Markets are pricing in a 25 basis point cut at the Reserve Bank of Australia's (RBA) board meeting, the first cut in seven years."


Summary: Watered down effect, Time Frame: Next statement, Remark: Remember the rules of news? The effect of the news is directly related to its certainty of expectation.

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