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Aussie stocks retreat

IT was a flat day on the Australian Securities Exchange with local trade slowing as investors waited with bated breath for the Reserve Bank of Australia to announce its decision on interest rates.

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The S&P/ASX 200 index lost ground in afternoon trade to close 12.6 points lower at 4598.1, while the broader All Ordinaries closed 13.5 points lower at 4656.9. The RBA’s board announced this afternoon...

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