RBA Sells A$117 Million of Australian Dollars to Other Clients
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The Reserve Bank of Australia decreased net sales of the nation’s dollars last month to a category of buyers that can include foreign central banks.
The RBA sold A$117 million ($123 million) more Australian currency than it bought in November through the other outright transactions category, less than the net sales of A$483 million in the previous month, according to data released today. It sold a net A$414 million in the spot foreign-exchange market, more than the A$275 million in October and bought a net A$424 million from the government.