Aussie rises versus Greenback as RBA keeps rates unchanged

The Australian Dollar extended gains against its US counterpart on Tuesday, as the RBA kept its interest rate on hold for the fifth consecutive month. The AUD/USD advanced nearly 0.7%, to trade at the fresh two-week high of $0.7134 just after the decision. By holding its interest rate steady at 2%, the RBA showed that the recent falls in commodity prices have not boosted its appetite for another rate cut.