As expected, the Reserve Bank of Australia trimmed its benchmark lending rate to 1.00 percent. Following the announcement, the aussie recovered from its recent lows against its major rivals.

The aussie was trading at 75.66 against the yen, 1.6164 against the euro, 0.6978 against the greenback and 1.0451 against the kiwi around 12:35 am ET.

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