Aussie Weakens Fourth Day After RBA Signals Room to Cut Rates

Australia’s dollar fell for a fourth day after the central bank indicated it still has room to ease policy if needed.

The RBA said the lack of guidance at its meeting this month doesn’t limit the scope for further rate moves, in the minutes released Tuesday of its May 5 gathering.

The Aussie slipped 0.1 percent to 79.79 U.S. cents at 11:32 a.m. in Sydney following a 0.5 percent decline on Monday. The currency had rallied 5.3 percent during the previous six weeks amid speculation policy makers were about finished cutting borrowing costs.

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