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Steady as she grows

The RBA would welcome such development as a Fed rate hike would signal the US central bank's confidence over the strength in the American economy and its outlook. A lift in the fed funds rate would underpin US dollar strength or the flipside, A$/US$ weakness that would support growth in the Australian economy.

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Read more: FedUS Federal ReserveReserve Bank of AustraliaFOMCMonetary Policy Statement