The Australian Stock Exchange (ASX) faced losses today, with the S&P/ASX200 index falling by 30.50 points or 0.37% to 8,134.10 as of 2:15 pm AEDT. Despite breaching its 50-day moving average, the ASX struggled as investors awaited the Reserve Bank of Australia’s (RBA) cash rate announcement. The index remains down 1.40% over the last five days and is 2.99% below its 52-week high.
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