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.