The Australian Dollar (AUD) The Aussie fell back to 1.0500 on risk off trading in the US session but this level held and we rebounded into the close. The market is cautious ahead of the RBA meeting today in which we may see a rate cut and push the AUD/USD lower. Weak Chinese October PMI at 50.4 hurt sentiment in Asia Tuesday with concern the world&rsquo s second largest economy might be slowing down.
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