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15-076MR ASIC statement on Australian dollar movement
ASIC confirms it will investigate a spike in the Australian dollar shortly before the Reserve Bank’s monetary policy decision today.
The investigation will look at trading in the dollar prior to the RBA’s interest rate decision statement at 2.30pm.
ASIC is also investigating foreign exchange movements shortly before the RBA’s announcements in February and March 2015.
ASIC will not make any further comment at this point in time.