Tue, 12 Feb 2013 08:29:05 GMT
Australian Dollar slips on RBA decision
The Australian Dollar, also called Aussie, depreciated to $1.0241 level on Sydney trading hours on Tuesday. Today, the Aussie followed yesterday's loss of 0.6%, the lowest point since October 23, 2012. Currency traders speculate on the Reserve Bank of Australia decision to cut benchmark rates, as this will sharply affect demand for the domestic assets. According to survey, economists expect the