Australian dollar soars as RBA holds just as expected

Australian dollar soars as RBA holds just as expected

On Tuesday, the Australian dollar revived in Asia right after the latest major bank rate review held steady, thus  shrugging off the current account because it dared to widen further than previously expected into deficit.

The currency pair AUD/USD hit 0.7488, climbing up 0.01%, while USD/JPY reached 109.85, sliding 0.56% after Japan posted that in April average cash earnings tacked on 0.5%, unlike a 0.3% profits observed year-on-year.

The currency pair GBP/USD inched up 0.17%, demonstrating 1.2928.

Estimating the greenback’s strength versus six main currencies, the US dollar index went down 0.18%, trading at 96.60.

On Tuesday, the Reserve Bank of Australia issued its latest interest rate verdict and held at a record minimum 1.50%. Previously, Australia posted that the current account extended to a deficit of A$3.1 billion, unlike a surplus of A$100 million observed for the first quarter.

Similar

Aussie and Kiwi stand still vs. weaker greenback

On Thursday, the Australian and New Zealand dollars were intact versus their American counterpart because the US currency moderately recovered from losses posted after the publication of the minutes of the Fed’s latest policy gathering…

Popular

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

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