Aussie Rises on Speculation RBA Closer to End of Cutting Rates

Updated on
  • Currency weakened as much as 0.6% before reversing declines
  • Nation’s bond yields drop to record lows after RBA decision

The Australian dollar rose, reversing declines, after the central bank met expectations by reducing interest rates to a record and analysts said that just brings policy makers closer to the end of their easing cycle.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.