Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Tuesday, May 1, 2012

RBA cuts rate by half percent. AUD falls.

 RBA cuts cash /interest rate by 0.5 percent, more than what analysts expected, in an attempt to stimulate borrowings, reduce financial cost for small business and household mortgages ..

AUD plunges from 1.046 to 1.033
Expects further fall of Aussie below 1.03
AUD now buy 3.13 MYR, down from 3.18 previous week ..

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