Tue, 06 Aug 2013 10:01:08 GMT
Australian Dollar bounces off after central bank's cuts
The Australian Dollar advanced versus all its most-traded peers as the nation's central bank cut the benchmark interest rate to 2.5%. The Aussie gained 0.6% to 89.79 U.S. cents at 5:16 p.m. Sydney time, after it reached 88.48 on Monday. Australia's currency has fallen 11% this year to date, which is the sharpest decline among the major currencies.