Pound dips, Aussie sheds post rate-rise gains

Posted by 7Star Wednesday, March 3, 2010

Sterling fell on Tuesday, staying under pressure after hitting a 10-month low the previous day, while the Australian dollar slipped, giving back earlier gains made after an interest rate rise by Australia's central bank. The Aussie had initially climbed after the Reserve Bank of Australia raised interest rates by 25 basis points to 4.0 percent and flagged further hikes ahead.

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