Following the announcement that the Reserve Bank of Australia slashed interest rate by 25 basis points to 3.25%, the Aussie fell against its major counterparts. As of now, the Aussie is trading at 0.8777 against the Canadian dollar and 0.7052 against the US dollar. Against its Japanese and European counterparts, the Australian dollar is quoted at 70.86 and 1.8951, respectively.

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