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Forex News Video Recap (10/5): BOJ Cuts Rates and Unveils QE Fund; RBA Holds Steady

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Uploaded by on Oct 5, 2010

The Bank of Japan loosened monetary policy, lowering their benchmark interest rate to near-zero and unveiling a 5 trillion yen fund for buying private and public assets. The Reserve Bank of Australia meanwhile held rates steady at 4.5%. With a strong surge in global equities, traders sold the US Dollar broadly, with the market in a pretty classic risk appetite play.

News Provided by CMS Forex
http://www.cmsforex.com
Forex Market Analyst: Nick Nasad

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News & Politics

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