Aussie Dollar Touches Month-High After RBA Holds Key Rate
This article is for subscribers only.
Australia’s dollar climbed to the highest level since September after the Reserve Bank unexpectedly kept its benchmark interest rate unchanged at a developed-world high.
The so-called Aussie strengthened against all of its 16 major counterparts after RBA Governor Glenn Stevens and his board left the overnight cash-rate target at 3.25 percent. Demand for the Australian and New Zealand currencies was limited before the U.S. presidential election today and concern grew Greece will fail to win a bailout.