Aussie Holds Gain After RBA Minutes as Macquarie Pares Forecast
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Australia’s dollar maintained an advance against its major peers after Reserve Bank policy makers reiterated a period of steady borrowing costs was likely.
The Aussie briefly rose to within 0.3 percent of a three-month high versus the greenback after the release today of minutes from this month’s RBA meeting, when the central bank held its benchmark rate at a record low. Australia’s government bonds declined, driving yields higher for a second day, after Macquarie Group Ltd. pushed back rate-cut forecasts.