Aussie Dollar Holds Gain After RBA Keeps Rates UnchangedBy
Australia’s dollar held gains after the central bank left its cash rate unchanged as expected at a policy meeting Tuesday.
The Aussie rose 0.5 percent to 76.21 U.S. cents at 2:32 p.m. in Sydney, from Monday’s close. The currency is set for its fifth consecutive day of gains against the greenback, its longest rally since March.
Futures were pricing in a 36 percent probability of a rate reduction by the Reserve Bank of Australia by the end of the year, down from 49 percent at the end of last month.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Apple Is Secretly Developing Its Own Screens for the First Time
- Hong Kong's Richest Woman Loses Half Her Wealth on Stock Plunge
- From a $126 Million Bonus to Jail: The Fall of a Star Trader
- Snowstorm Looms as Spring Begins in Washington, Mid-Atlantic
- Stocks Slide With Commodities; Treasuries Retreat: Markets Wrap