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Asia Daily Flash | 4 December 2012: Australia cuts interest rates; Korea and China to tap bilateral currency swap agreement

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Published on Monday, December 3, 2012

Asia Daily Flash | 4 December 2012: Australia cuts interest rates; Korea and China to tap bilateral currency swap agreement

Following the release of positive PMI data in China over the past few days, Australia became the focus today, as the Reserve Bank of Australia delivered a 25bps interest cut.