Thu, 08 Aug 2013 11:34:06 GMT
Australian Dollar bounces back from a three-year low
Aussie jumped 0.9% versus the greenback, trading at $0.9079 as of 9:56 a.m. GMT. The currency dropped to the lowest level in three years on Monday, when the Reserve Bank of Australia set the benchmark interest rate to a record low 2.5%, down 25 basis points. The decision came after inflation data showed better-than-expected figures. The Australian Dollar has declined