Aussie holds weaker after RBA leaves its rate intact

Aussie holds weaker after RBA leaves its rate intact

On Tuesday, the Australian dollar held weaker after the country’s major financial institution didn’t change its interest rate. It definitely hints at an improving economy.

The currency pair AUD/USD dipped 0.31% being worth 0.7803, USD/JPY hit 113.12, soaring 0.33%.

On Tuesday, the Reserve Bank of Australia held its cash rate intact at a record minimum 1.50% just as expected. The given move persuaded financial markets that the Australian economy keeps improving.

Previously, Australia posted that building approvals edged up 0.4% in August, which is below the expected 1.1% revenue, while private house approvals went down 0.6% versus July’s 1% profit.

Estimating the greenback’s value versus a trade-weighted basket of six crucial currencies, the US dollar index rallied 0.24% being worth 93.70.

Overnight, the evergreen buck tacked on versus a basket of key currencies following data disclosing that manufacturing activity inched up to its highest value since 2004. It drove hopes for solid third-quarter economic surge.

Similar

Popular

Crude edges down in Asia on Caixin PMI

On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera