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Regulatory

ASIC says AUD spike "not misconduct"

ASIC has provided an update on its investigation into the suspicious spike in the Australian dollar that occurred seconds before the RBA announced it was keeping cash rates on hold at 2.25% on April 7, finding that so far it has been linked to automated trading processes and not misconduct.

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Read more: ASICAustraliaApril 7RegulatoryApril 8ASIC commissioner Cathie ArmourFebruaryFinancial StandardMarchUS cents