The Federal Reserve cut interest rates by 25 basis points on an unspecified date, signaling potential further reductions. This action followed a period of increased volatility and caused the Australian dollar to decline from recent highs. Separately, the Bank of Canada also reduced interest rates overnight on an unspecified date by 25 basis points to 2.5 percent, citing slowing economic growth, weakening labor markets, and receding inflation risks. This marked a resumption of the Bank of Canada's easing cycle after a pause in the three preceding meetings. There is no information provided relating to Cambridge Global Payments in these news stories.
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