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Doubts over China commodity demand, local consumption led to RBA rate cut

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The weakening demand in China and rising rate-cut bets have driven about a 17 per cent decline in the Australian dollar since the start of September.

Sydney

THE Reserve Bank of Australia said doubts about a pickup in domestic spending and China's appetite for raw materials prompted this month's decision to lower interest rates, and reiterated that the Aussie dollar remains too high.

"There was considerable uncertainty around the

sentifi.com

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