Aussie drops as RBA announces currency stays high

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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.

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