AUD/USD has seen a sharp decline from its 0.7350 level of acceptance down towards 0.7305 before finding dip buying interest,, to currently send quotes circa 0.7315/20.
According to AFR article - read here - , "there's a case for the RBA to cut its official cash rate even if the banks kept their mortgage rates below Westpac's, but it is dependent on macro-prudential regulation being able to keep a lid on lending to property investors in Sydney and Melbourne."
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