Aussie drops as RBA announces currency stays high

Source: Bloomberg

Australia's currency lost after the RBA announced the yield stays high following a decision to keep the interest rate at the lowest level today. The Aussie dropped as much as 0.2% to 89.24 U.S. cents at 3:05 p.m. in Sydney after it touched earlier 0.4%. Australia's benchmark 10-year interest rate set at 3.99%. The interest rate on debt maturing in three years added 0.03% to 2.81% after it slipped 2.76% yesterday, the lowest since Sept. 30.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.