Aussie Falls Versus Peers After Report Shows RBA Sold Currency
This article is for subscribers only.
Australia’s dollar declined against most of its major peers after the nation’s Reserve Bank said it increased sales of the currency last month to a category of buyers that includes foreign central banks.
Demand for the so-called Aussie was limited after an Israeli air strike on the Gaza strip and signs of a global slowdown reduced demand for riskier assets. Australian bonds rose, sending the benchmark 10-year yield to the lowest level in almost one month. The Australian and New Zealand dollars rallied versus the yen after Japan’s opposition leader Shinzo Abe called for unlimited central bank easing until deflation is defeated in the world’s third-largest economy.