$1650 in two minutes!

On February 3, a Reserve Bank of Australia rate decision was released. Even though the majority of experts had agreed on the fact that no changes should have been anticipated, the central bank's committee decided to cut the refinancing rate from 2.50% to 2.25%.

After this decision was released, the Australian dollar's rate plunged. The AUD/USD currency pair fell by 110 pips in two minutes which allowed to make up to $1650, with trading one lot!

ARB's interest rate decision

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