Australian Dollar (AUD) the AUD/USD was sharply lower in Asia after the RBA cut rates by 0.5% vs. 0.25% expected to 3.75%. The AUD/USD found support at 1.0300 and was able to rally to 1.0350 later in the day. UPDATE CHINA HSBC PMI at 49.3 vs. 49.1 slightly previously.
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