Thu, 28 Feb 2013 11:08:05 GMT
Aussie rises on speculation RBA will unlikely cut key rate
The Australian Dollar advanced, halting earlier losses, amid speculation the central bank will unlikely cut the interest rate. The Aussie gained 0.4% to $1.0278 at 4:26 p.m. in Sydney, following a 0.4% decline earlier. It fetched $1.0184 a day earlier, the weakest level since October 10.The currency added 0.6% to 94.93 yen, while the kiwi rose 0.5% to 88.18 cents